Martin Robert Ferron Buys 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 purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were acquired at an average price of C$23.21 per share, for a total transaction of C$92,835.60.

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

• On Monday, March 24th, Martin Robert Ferron purchased 4,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$23.31 per share, for a total transaction of C$93,236.00.
• 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 Trading Down 5.3 %

NOA stock opened at C$23.02 on Friday. North American Construction Group Ltd. has a 52 week low of C$21.88 and a 52 week high of C$31.91. 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 company’s 50-day simple moving average is C$26.02 and its 200 day simple moving average is C$26.94. The company has a market capitalization of C$616.18 million, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.48 annualized dividend and a yield of 2.09%. North American Construction Group’s dividend payout ratio is 18.81%.

Analysts Set New Price Targets

NOA has been the subject of a number of recent research reports. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$30.00 to C$38.00 in a research note on Thursday, December 5th. National Bankshares cut their price target on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Ventum Financial decreased their price objective 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. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Finally, Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price for the company in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus 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.