Insider Buying: North American Construction Group Ltd. (TSE:NOA) Insider Acquires 19,100 Shares of Stock

North American Construction Group Ltd. (TSE:NOAGet Rating) (NYSE:NOA) insider North American Construction Group Ltd. acquired 19,100 shares of North American Construction Group stock in a transaction on Thursday, May 26th. The shares were purchased at an average cost of C$16.34 per share, with a total value of C$312,164.67. Following the completion of the purchase, the insider now directly owns 57,300 shares of the company’s stock, valued at approximately C$936,494.01.

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

  • On Tuesday, May 24th, North American Construction Group Ltd. acquired 19,100 shares of North American Construction Group stock. The shares were purchased at an average cost of C$15.86 per share, with a total value of C$302,878.25.
  • On Friday, May 20th, 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$15.51 per share, with a total value of C$296,229.54.
  • On Wednesday, May 18th, 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$15.80 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, with a total value of C$303,021.50.
  • On Friday, May 13th, 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$15.61 per share, with a total value of C$298,158.64.
  • On Wednesday, May 11th, North American Construction Group Ltd. acquired 19,100 shares of North American Construction Group stock. The stock was purchased at an average price 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 shares were bought at an average price of C$15.20 per share, for a total transaction of C$290,302.81.
  • On Friday, May 6th, North American Construction Group Ltd. purchased 9,000 shares of North American Construction Group stock. The shares were bought 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. purchased 19,100 shares of North American Construction Group stock. The shares were bought at an average price of C$15.71 per share, for a total transaction 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 bought at an average price of C$15.77 per share, for a total transaction of C$301,180.26.

Shares of TSE:NOA traded up C$0.11 during midday trading on Friday, reaching C$16.34. The company’s stock had a trading volume of 85,848 shares, compared to its average volume of 88,376. The business’s fifty day simple moving average is C$17.32 and its 200-day simple moving average is C$18.29. The company has a debt-to-equity ratio of 141.92, a current ratio of 1.06 and a quick ratio of 0.64. The company has a market capitalization of C$489.78 million and a P/E ratio of 11.13. North American Construction Group Ltd. has a fifty-two week low of C$14.75 and a fifty-two week high of C$22.00.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, July 8th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. North American Construction Group’s payout ratio is 13.62%.

Several equities analysts have commented on NOA shares. Raymond James increased their price target on North American Construction Group from C$26.50 to C$27.50 and gave the company an “outperform” rating in a report on Monday, April 25th. BMO Capital Markets reduced their price objective on North American Construction Group from C$26.00 to C$24.00 in a research report on Thursday, April 28th. National Bankshares increased their price objective 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. 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, Canaccord Genuity Group increased their price objective on North American Construction Group from C$28.00 to C$29.00 in a research report on Friday, February 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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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