Martin Robert Ferron Sells 6,209 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron sold 6,209 shares of the business’s stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40.

Martin Robert Ferron also recently made the following trade(s):

• On Monday, November 18th, Martin Robert Ferron purchased 2,900 shares of North American Construction Group stock. The shares were purchased at an average price of C$27.68 per share, with a total value of C$80,272.00.
• On Tuesday, November 12th, Martin Robert Ferron acquired 6,000 shares of North American Construction Group stock. The stock was purchased at an average price of C$27.98 per share, for a total transaction of C$167,884.20.

North American Construction Group Stock Up 0.6 %

Shares of NOA opened at C$31.43 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. The firm has a market cap of C$840.12 million, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company’s 50-day moving average price is C$28.63 and its 200 day moving average price is C$26.80. North American Construction Group Ltd. has a 12-month low of C$22.68 and a 12-month high of C$34.87.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were issued a $0.12 dividend. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, November 27th. North American Construction Group’s dividend payout ratio is currently 21.86%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NOA. ATB Capital decreased their price target on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Raymond James boosted their target price on North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th. National Bankshares increased their price target on North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, November 1st. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. Finally, Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$37.63.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.