North American Construction Group (TSE:NOA) Stock Passes Above 200 Day Moving Average of $15.20

North American Construction Group Ltd. (TSE:NOAGet Rating) (NYSE:NOA) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.20 and traded as high as C$17.86. North American Construction Group shares last traded at C$17.64, with a volume of 15,744 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NOA shares. National Bankshares raised their price objective on shares of North American Construction Group from C$20.00 to C$22.00 in a report on Friday, October 28th. BMO Capital Markets raised their price objective on shares of North American Construction Group from C$18.00 to C$20.00 in a report on Thursday, October 27th. ATB Capital raised their price objective on shares of North American Construction Group from C$22.00 to C$23.00 in a report on Monday, October 31st. Raymond James lowered their price target on shares of North American Construction Group from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Finally, Atb Cap Markets lowered shares of North American Construction Group from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$23.44.

North American Construction Group Trading Up 0.1 %

The stock has a market capitalization of C$466.06 million and a P/E ratio of 9.75. The company has a debt-to-equity ratio of 157.43, a current ratio of 1.15 and a quick ratio of 0.79. The business’s 50 day simple moving average is C$15.16 and its 200-day simple moving average is C$15.20.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, January 6th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.81%. North American Construction Group’s payout ratio is presently 17.68%.

Insider Buying and Selling at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron acquired 5,500 shares of North American Construction Group stock in a transaction on Thursday, September 22nd. The shares were purchased at an average cost of C$13.82 per share, with a total value of C$76,010.00. Following the completion of the purchase, the director now owns 2,245,570 shares in the company, valued at C$31,033,777.40. In other North American Construction Group news, Director Martin Robert Ferron acquired 5,500 shares of North American Construction Group stock in a transaction on Thursday, September 22nd. The shares were purchased at an average cost of C$13.82 per share, with a total value of C$76,010.00. Following the completion of the purchase, the director now owns 2,245,570 shares in the company, valued at C$31,033,777.40. Also, insider North American Construction Group Ltd. purchased 50,000 shares of North American Construction Group stock in a transaction dated Tuesday, September 6th. The shares were purchased at an average cost of C$15.80 per share, for a total transaction of C$790,000.00. Following the completion of the transaction, the insider now owns 50,000 shares of the company’s stock, valued at C$790,000. Over the last ninety days, insiders have acquired 156,000 shares of company stock valued at $2,355,787.

About North American Construction Group

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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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