North American Construction Group Ltd. (TSE:NOA – Get Free Report) (NYSE:NOA) Director Martin Robert Ferron purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were bought at an average price of C$17.76 per share, with a total value of C$88,800.00. Following the purchase, the director directly owned 2,300,738 shares in the company, valued at approximately C$40,861,106.88. The trade was a 0.22% increase in their position.
Martin Robert Ferron also recently made the following trade(s):
- On Friday, June 12th, Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock. The stock was bought at an average cost of C$18.45 per share, with a total value of C$92,250.00.
- On Tuesday, May 19th, Martin Robert Ferron acquired 10,000 shares of North American Construction Group stock. The stock was bought at an average cost of C$20.45 per share, with a total value of C$204,500.00.
North American Construction Group Stock Up 1.8%
NOA stock opened at C$18.67 on Wednesday. The firm has a market capitalization of C$506.01 million, a PE ratio of 16.67, a P/E/G ratio of 0.79 and a beta of 0.89. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48. North American Construction Group Ltd. has a twelve month low of C$16.45 and a twelve month high of C$23.49. The stock’s 50 day moving average is C$19.49 and its 200-day moving average is C$20.10.
North American Construction Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, June 3rd. North American Construction Group’s payout ratio is presently 42.86%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on NOA. ATB Cormark Capital Markets increased their price target on shares of North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective on the stock in a research report on Friday, March 13th. BMO Capital Markets boosted their target price 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 note on Thursday, May 14th. Finally, Raymond James Financial increased their target price on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, North American Construction Group presently has an average rating of “Moderate Buy” and an average target price of C$22.71.
View Our Latest Research Report on NOA
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.
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