Martin Robert Ferron Acquires 4,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 4,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average price of C$23.31 per share, with a total value of C$93,236.00.

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

• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40.

North American Construction Group Price Performance

NOA stock traded down C$0.53 during midday trading on Thursday, hitting C$23.77. 9,362 shares of the stock were exchanged, compared to its average volume of 84,217. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The stock has a market cap of C$636.25 million, a price-to-earnings ratio of 11.18, a PEG ratio of 0.79 and a beta of 1.59. North American Construction Group Ltd. has a fifty-two week low of C$21.88 and a fifty-two week high of C$31.91. The stock’s 50-day moving average price is C$26.16 and its 200-day moving average price is C$26.96.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be paid a $0.12 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.48 dividend on an annualized basis and a yield of 2.02%. North American Construction Group’s payout ratio is 18.81%.

Wall Street Analyst Weigh In

NOA has been the subject of several recent analyst reports. Ventum Financial decreased their target price on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Canaccord Genuity Group boosted their target price on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Raymond James raised North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target for the company in a report on Thursday, January 30th. BMO Capital Markets cut their price objective on shares of North American Construction Group from C$35.00 to C$34.00 in a research report on Thursday, March 20th. Finally, National Bankshares lowered their target price on shares of North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$37.38.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.