North American Construction Group Ltd. (TSE:NOA) Insider Purchases C$296,229.54 in Stock

North American Construction Group Ltd. (TSE:NOA – Get Rating) (NYSE:NOA) insider North American Construction Group Ltd. acquired 19,100 shares of the company’s stock in a transaction on Friday, May 20th. The shares were acquired at an average price of C$15.51 per share, for a total transaction of C$296,229.54. Following the completion of the acquisition, the insider now directly owns 95,500 shares in the company, valued at C$1,481,147.70.

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

• On Wednesday, May 18th, North American Construction Group Ltd. purchased 19,100 shares of North American Construction Group stock. The shares were bought at an average cost of C$15.80 per share, with a total value of C$301,688.32.
• On Monday, May 16th, North American Construction Group Ltd. purchased 19,100 shares of North American Construction Group stock. The stock was bought at an average cost of C$15.87 per share, for a total transaction of C$303,021.50.
• On Friday, May 13th, North American Construction Group Ltd. acquired 19,100 shares of North American Construction Group stock. The shares were bought at an average cost of C$15.61 per share, with a total value of C$298,158.64.
• On Wednesday, May 11th, North American Construction Group Ltd. purchased 19,100 shares of North American Construction Group stock. The shares were bought at an average cost of C$15.59 per share, for a total transaction of C$297,761.36.
• On Monday, May 9th, North American Construction Group Ltd. purchased 19,100 shares of North American Construction Group stock. The stock was purchased at an average price of C$15.20 per share, with a total value of C$290,302.81.
• On Friday, May 6th, North American Construction Group Ltd. acquired 9,000 shares of North American Construction Group stock. The shares were purchased at an average price 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 stock was purchased at an average price of C$15.71 per share, with a total value of C$300,011.34.
• On Monday, May 2nd, North American Construction Group Ltd. purchased 19,100 shares of North American Construction Group stock. The shares were purchased at an average cost of C$15.77 per share, for a total transaction of C$301,180.26.
• On Friday, April 29th, North American Construction Group Ltd. acquired 10,000 shares of North American Construction Group stock. The stock was acquired at an average cost of C$16.30 per share, with a total value of C$163,017.00.
• On Wednesday, April 27th, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$18.01 per share, with a total value of C$180,095.00.

NOA stock traded down C$0.10 during trading on Friday, reaching C$15.64. 46,756 shares of the company’s stock were exchanged, compared to its average volume of 88,358. North American Construction Group Ltd. has a 1-year low of C$14.75 and a 1-year high of C$22.00. The firm has a market cap of C$468.79 million and a PE ratio of 10.65. The company’s fifty day moving average price is C$17.60 and its 200-day moving average price is C$18.43. The company has a quick ratio of 0.64, a current ratio of 1.06 and a debt-to-equity ratio of 141.92.

North American Construction Group (TSE:NOA – Get Rating) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, February 16th. The company reported C$0.59 earnings per share for the quarter, topping 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 expect that North American Construction Group Ltd. will post 2.5035804 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, July 8th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, May 26th. North American Construction Group’s dividend payout ratio is currently 13.62%.

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

North American Construction Group Company Profile (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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