North American Construction Group (TSE:NOA) Stock Price Crosses Above 200 Day Moving Average of $15.30

North American Construction Group Ltd. (TSE:NOAGet Rating) (NYSE:NOA)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.30 and traded as high as C$17.99. North American Construction Group shares last traded at C$17.88, with a volume of 4,009 shares changing hands.

Analysts Set New Price Targets

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

North American Construction Group Stock Up 0.2 %

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 stock’s fifty day simple moving average is C$15.50 and its 200-day simple moving average is C$15.30. The stock has a market cap of C$472.41 million and a P/E ratio of 9.88.

North American Construction Group Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.79%. North American Construction Group’s payout ratio is currently 15.47%.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron purchased 5,500 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were bought at an average price of C$13.82 per share, for a total transaction of C$76,010.00. Following the completion of the purchase, the director now owns 2,245,570 shares of the company’s stock, valued at C$31,033,777.40. In related news, Director Martin Robert Ferron acquired 5,500 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were acquired at an average price of C$13.82 per share, for a total transaction of C$76,010.00. Following the completion of the purchase, the director now directly owns 2,245,570 shares of the company’s stock, valued at C$31,033,777.40. Also, insider North American Construction Group Ltd. acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were bought at an average price of C$15.80 per share, for a total transaction of C$790,000.00. Following the purchase, the insider now directly owns 50,000 shares of the company’s stock, valued at C$790,000. Over the last 90 days, insiders have bought 60,500 shares of company stock worth $930,260.

North American Construction Group Company Profile

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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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