North American Construction Group (TSE:NOA) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.18 and traded as low as C$19.13. North American Construction Group shares last traded at C$19.56, with a volume of 63,526 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NOA. BMO Capital Markets increased their target price on 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 increased their target price on 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. Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 target price for the company in a report on Friday, March 13th. Finally, Raymond James Financial increased their target price on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, North American Construction Group has an average rating of “Moderate Buy” and an average price target of C$22.71.

North American Construction Group Price Performance

The company has a market cap of C$530.13 million, a P/E ratio of 17.46, a PEG ratio of 0.79 and a beta of 0.91. The company has a fifty day moving average price of C$19.59 and a two-hundred day moving average price of C$20.18. The company has a debt-to-equity ratio of 202.48, a quick ratio of 0.79 and a current ratio of 1.11.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.37 earnings per share for the quarter. The company had revenue of C$319.22 million during the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. On average, sell-side analysts anticipate that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd will be issued a $0.12 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. North American Construction Group’s dividend payout ratio (DPR) is presently 42.86%.

Insider Activity

In related news, Director Martin Robert Ferron acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of C$20.45 per share, for a total transaction of C$204,500.00. Following the acquisition, the director directly owned 2,285,738 shares of the company’s stock, valued at approximately C$46,743,342.10. The trade was a 0.44% increase in their ownership of the stock. Also, Director John Joseph Pollesel acquired 2,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was bought at an average price of C$17.90 per share, with a total value of C$35,800.00. Following the acquisition, the director directly owned 3,500 shares in the company, valued at C$62,650. This represents a 133.33% increase in their ownership of the stock. 8.93% of the stock is owned by company insiders.

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.