North American Construction Group Ltd. (TSE:NOA) Insider Acquires C$301,180.26 in Stock

North American Construction Group Ltd. (TSE:NOAGet Rating) (NYSE:NOA) insider North American Construction Group Ltd. bought 19,100 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The shares were bought at an average cost of C$15.77 per share, for a total transaction of C$301,180.26. Following the completion of the acquisition, the insider now owns 19,100 shares of the company’s stock, valued at C$301,180.26.

North American Construction Group Ltd. also recently made the following trade(s):

  • On Friday, May 6th, North American Construction Group Ltd. bought 9,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$15.57 per share, for a total transaction of C$140,090.40.
  • On Wednesday, May 4th, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group stock. The shares were bought at an average cost of C$15.71 per share, for a total transaction of C$300,011.34.
  • On Friday, April 29th, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group stock. The shares were bought at an average cost of C$16.30 per share, for a total transaction of C$163,017.00.
  • On Wednesday, April 27th, North American Construction Group Ltd. purchased 10,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$18.01 per share, for a total transaction of C$180,095.00.
  • On Monday, April 25th, North American Construction Group Ltd. purchased 10,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$17.21 per share, for a total transaction of C$172,136.00.
  • On Friday, April 22nd, North American Construction Group Ltd. purchased 10,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$17.86 per share, for a total transaction of C$178,645.00.
  • On Wednesday, April 20th, North American Construction Group Ltd. purchased 10,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$18.65 per share, for a total transaction of C$186,471.00.
  • On Monday, April 18th, North American Construction Group Ltd. purchased 3,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$18.80 per share, for a total transaction of C$56,409.90.
  • On Wednesday, April 13th, North American Construction Group Ltd. purchased 10,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$18.49 per share, for a total transaction of C$184,870.00.
  • On Monday, April 11th, North American Construction Group Ltd. purchased 10,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$18.74 per share, for a total transaction of C$187,400.00.

Shares of TSE:NOA traded up C$0.46 during midday trading on Friday, hitting C$15.92. The company had a trading volume of 94,440 shares, compared to its average volume of 86,266. North American Construction Group Ltd. has a twelve month low of C$15.20 and a twelve month high of C$22.00. The company has a debt-to-equity ratio of 141.93, a current ratio of 0.91 and a quick ratio of 0.59. The stock has a market cap of C$477.19 million and a price-to-earnings ratio of 9.68. The business’s 50-day simple moving average is C$18.36 and its 200-day simple moving average is C$18.78.

North American Construction Group (TSE:NOAGet Rating) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, February 16th. The company reported C$0.59 EPS for the quarter, beating the consensus estimate of C$0.57 by C$0.02. The company had revenue of C$181.00 million during the quarter, compared to analyst estimates of C$185.50 million. As a group, sell-side analysts forecast that North American Construction Group Ltd. will post 2.4900001 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, July 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, May 26th. This represents a $0.32 annualized dividend and a yield of 2.01%. North American Construction Group’s dividend payout ratio (DPR) is 12.17%.

Several research firms have recently weighed in on NOA. Canaccord Genuity Group raised their target price on North American Construction Group from C$28.00 to C$29.00 in a research report on Friday, February 18th. BMO Capital Markets decreased their target price on North American Construction Group from C$26.00 to C$24.00 in a research report on Thursday, April 28th. National Bankshares raised their target price on North American Construction Group from C$27.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, February 18th. Raymond James raised their target price on North American Construction Group from C$26.50 to C$27.50 and gave the company an “outperform” rating in a research report on Monday, April 25th. Finally, CIBC decreased their target price on North American Construction Group from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a research report on Friday, April 29th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$26.20.

About North American Construction Group (Get Rating)

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.

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