North American Construction Group Ltd. (TSE:NOA) Declares Quarterly Dividend of $0.12

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) declared a quarterly dividend on Thursday, March 13th, TickerTech Dividends reports. Shareholders of record on Wednesday, April 9th will be paid a dividend of 0.12 per share on Wednesday, April 9th. This represents a $0.48 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, March 13th.

North American Construction Group Stock Down 5.8 %

NOA opened at C$22.96 on Tuesday. The stock has a market capitalization of C$614.57 million, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. North American Construction Group has a one year low of C$22.68 and a one year high of C$34.87. The business’s 50-day simple moving average is C$27.77 and its 200-day simple moving average is C$27.16.

Analyst Ratings Changes

Several research firms have recently weighed in on NOA. National Bankshares decreased their price objective on North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Canaccord Genuity Group raised their price target on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Finally, Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective on the stock in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, North American Construction Group currently has a consensus rating of “Buy” and a consensus target price of C$38.13.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction that occurred on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40. 8.93% of the stock is owned by corporate insiders.

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.