Insider Selling: North American Construction Group Ltd. (TSE:NOA) Director Sells 6,209 Shares of Stock

North American Construction Group Ltd. (TSE:NOAGet Free Report) (NYSE:NOA) Director Martin Robert Ferron sold 6,209 shares of the stock in a transaction 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 bought 2,900 shares of North American Construction Group stock. The shares were bought at an average cost of C$27.68 per share, with a total value of C$80,272.00.
  • On Tuesday, November 12th, Martin Robert Ferron purchased 6,000 shares of North American Construction Group stock. The stock was bought at an average cost of C$27.98 per share, for a total transaction of C$167,884.20.

North American Construction Group Price Performance

Shares of NOA stock opened at C$31.43 on Monday. The stock’s 50-day moving average is C$28.63 and its 200 day moving average is C$26.79. North American Construction Group Ltd. has a 1-year low of C$22.68 and a 1-year high of C$34.87. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79. The company has a market cap of C$840.12 million, a P/E ratio of 17.17, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The company also recently declared 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 boost from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis 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 (DPR) is currently 21.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Raymond James raised their price objective on North American Construction Group from C$35.00 to C$40.00 in a report on Friday, December 6th. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, ATB Capital cut their price target on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$37.63.

View Our Latest Stock Report on North American Construction Group

North American Construction Group Company Profile

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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.

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Insider Buying and Selling by Quarter for North American Construction Group (TSE:NOA)

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