North American Construction Group (TSE:NOA) Shares Cross Below 200 Day Moving Average – Here’s Why

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.10 and traded as low as C$18.50. North American Construction Group shares last traded at C$18.62, with a volume of 40,459 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased 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 report on Thursday, May 14th. Raymond James Financial upped their price target on North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. Finally, ATB Cormark Capital Markets increased their price objective on North American Construction Group from C$21.00 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$22.71.

North American Construction Group Stock Up 0.2%

The company’s 50-day moving average is C$19.32 and its 200 day moving average is C$20.10. The stock has a market capitalization of C$504.66 million, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.79 and a beta of 0.89. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 202.48.

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

North American Construction Group Announces Dividend

The business also recently disclosed 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 annualized dividend 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%.

Insiders Place Their Bets

In other news, insider North American Construction Group Ltd. bought 165,000 shares of North American Construction Group stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average price of C$19.14 per share, for a total transaction of C$3,158,100.00. Following the purchase, the insider directly owned 165,000 shares of the company’s stock, valued at approximately C$3,158,100. The trade was a ∞ increase in their position. Also, Director Martin Robert Ferron purchased 5,000 shares of the stock in a transaction on Thursday, July 2nd. The shares were purchased at an average cost of C$17.76 per share, with a total value of C$88,800.00. Following the transaction, the director owned 2,300,738 shares in the company, valued at C$40,861,106.88. This trade represents a 0.22% increase in their position. Insiders have bought 185,000 shares of company stock worth $3,543,650 over the last three months. Corporate insiders own 8.93% of the company’s stock.

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.