Timothy John Murphy Sells 2,930 Shares of Aecon Group (TSE:ARE) Stock

Aecon Group Inc. (TSE:AREGet Free Report) insider Timothy John Murphy sold 2,930 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$52.31, for a total value of C$153,268.30. Following the sale, the insider owned 4,801 shares of the company’s stock, valued at C$251,140.31. This represents a 37.90% decrease in their position.

Aecon Group Price Performance

Shares of TSE:ARE traded down C$0.23 during trading on Wednesday, hitting C$49.85. 406,050 shares of the company’s stock were exchanged, compared to its average volume of 498,834. The company has a debt-to-equity ratio of 42.80, a current ratio of 1.16 and a quick ratio of 1.27. Aecon Group Inc. has a 52-week low of C$17.06 and a 52-week high of C$57.72. The business’s 50-day simple moving average is C$44.96 and its 200 day simple moving average is C$36.55. The company has a market cap of C$3.41 billion, a price-to-earnings ratio of 90.64, a PEG ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:AREGet Free Report) last released its earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share (EPS) for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%.The business had revenue of C$1.26 billion for the quarter. As a group, equities analysts predict that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a dividend of $0.1925 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.5%. Aecon Group’s dividend payout ratio (DPR) is currently 138.64%.

Analysts Set New Price Targets

ARE has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce increased their target price on Aecon Group from C$45.00 to C$48.00 in a research report on Thursday, April 9th. BMO Capital Markets increased their target price on Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. ATB Cormark Capital Markets raised their price target on Aecon Group from C$42.00 to C$49.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Jefferies Financial Group raised their price target on Aecon Group from C$49.00 to C$59.00 in a report on Monday, April 27th. Finally, Royal Bank Of Canada raised their price target on Aecon Group from C$44.00 to C$49.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Aecon Group presently has a consensus rating of “Hold” and a consensus price target of C$52.29.

Check Out Our Latest Stock Report on Aecon Group

Aecon Group Company Profile

(Get Free Report)

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.

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