North American Construction Group (TSE:NOA) Releases Earnings Results

North American Construction Group (TSE:NOA) (NYSE:NOA) announced its quarterly earnings results on Wednesday. The company reported C$0.37 earnings per share for the quarter, FiscalAI reports. North American Construction Group had a net margin of 2.63% and a return on equity of 7.88%. The business had revenue of C$319.22 million for the quarter.

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at C$21.34 on Friday. The firm has a market cap of C$606.38 million, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The stock’s 50-day moving average is C$19.70 and its 200-day moving average is C$20.23. North American Construction Group has a one year low of C$16.45 and a one year high of C$24.90. The company has a debt-to-equity ratio of 201.83, a current ratio of 0.88 and a quick ratio of 0.79.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, April 9th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. North American Construction Group’s dividend payout ratio (DPR) is currently 42.11%.

Analysts Set New Price Targets

Several research firms have weighed in on NOA. Canaccord Genuity Group upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price on the stock in a report on Friday, March 13th. BMO Capital Markets upped their price objective on shares of North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a research report on Thursday. Raymond James Financial lifted their target price on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. Roth Mkm raised North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, ATB Cormark Capital Markets increased their price target on North American Construction Group from C$21.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.71.

Insider Activity

In other news, Director John Joseph Pollesel bought 2,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were purchased at an average price of C$17.90 per share, for a total transaction of C$35,800.00. Following the purchase, the director owned 3,500 shares of the company’s stock, valued at approximately C$62,650. The trade was a 133.33% increase in their position. Insiders own 8.93% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.