North American Construction Group (TSE:NOA) Director Martin Robert Ferron Buys 5,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 5,000 shares of the stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average price of C$17.76 per share, with a total value of C$88,800.00. Following the acquisition, the director owned 2,300,738 shares of the company’s stock, valued at C$40,861,106.88. The trade was a 0.22% increase in their ownership of the stock.

Martin Robert Ferron also recently made the following trade(s):

• On Friday, June 12th, Martin Robert Ferron purchased 5,000 shares of North American Construction Group stock. The shares were purchased at an average cost of C$18.45 per share, for a total transaction of C$92,250.00.
• On Tuesday, May 19th, Martin Robert Ferron purchased 10,000 shares of North American Construction Group stock. The shares were purchased at an average price of C$20.45 per share, for a total transaction of C$204,500.00.

North American Construction Group Trading Down 1.0%

Shares of NOA stock opened at C$18.34 on Tuesday. North American Construction Group Ltd. has a 52-week low of C$16.45 and a 52-week high of C$23.49. The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11. The company has a 50-day simple moving average of C$19.51 and a two-hundred day simple moving average of C$20.11. The company has a market capitalization of C$497.07 million, a price-to-earnings ratio of 16.38, a PEG ratio of 0.79 and a beta of 0.89.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The firm had revenue of C$319.22 million for the quarter. Research analysts anticipate that North American Construction Group Ltd. will post 4.0597484 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, June 3rd. North American Construction Group’s dividend payout ratio (DPR) is 42.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective for the company in a research note on Friday, March 13th. BMO Capital Markets boosted their price target on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a “market perform” rating in a report on Thursday, May 14th. ATB Cormark Capital Markets boosted their price target on shares of 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, May 14th. Finally, Raymond James Financial increased their price target on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$22.71.

North American Construction Group Company Profile

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.