North American Construction Group Ltd. (TSE:NOA) Declares Quarterly Dividend of $0.10

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) declared a quarterly dividend on Wednesday, July 31st, TickerTech reports. Investors of record on Friday, August 30th will be paid a dividend of 0.10 per share on Friday, October 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, August 30th.

North American Construction Group Stock Down 0.3 %

Shares of TSE NOA opened at C$25.58 on Thursday. The business has a 50-day moving average of C$26.13 and a two-hundred day moving average of C$28.73. The company has a market capitalization of C$683.75 million, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. North American Construction Group has a 1 year low of C$23.59 and a 1 year high of C$34.87. The company has a debt-to-equity ratio of 210.33, a current ratio of 1.03 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last issued its earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter, topping the consensus estimate of C$0.79 by C$0.06. The business had revenue of C$276.31 million for the quarter, compared to analyst estimates of C$314.61 million. North American Construction Group had a return on equity of 15.19% and a net margin of 4.99%. On average, analysts forecast that North American Construction Group will post 3.9693252 earnings per share for the current fiscal year.

Insider Activity at North American Construction Group

In other news, Director Martin Robert Ferron bought 12,000 shares of North American Construction Group stock in a transaction on Monday, June 24th. The shares were bought at an average cost of C$26.45 per share, for a total transaction of C$317,400.00. Corporate insiders own 8.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NOA. National Bankshares cut their price target on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. BMO Capital Markets lowered their price objective on shares of North American Construction Group from C$37.00 to C$32.00 in a research report on Thursday, August 1st. Ventum Financial dropped their target price on North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Securities cut their price target on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Raymond James dropped their price objective on North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, North American Construction Group has a consensus rating of “Buy” and a consensus target price of C$37.00.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.