John Joseph Pollesel Acquires 2,000 Shares of North American Construction Group (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director John Joseph Pollesel bought 2,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were acquired at an average cost of C$17.90 per share, with a total value of C$35,800.00. Following the purchase, the director directly owned 3,500 shares of the company’s stock, valued at approximately C$62,650. This represents a 133.33% increase in their position.

North American Construction Group Stock Performance

Shares of NOA opened at C$18.77 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 201.83. The stock has a market cap of C$518.82 million, a P/E ratio of 16.46, a P/E/G ratio of 0.79 and a beta of 0.70. The business’s 50 day moving average price is C$20.92 and its 200-day moving average price is C$20.28. North American Construction Group Ltd. has a 52 week low of C$16.45 and a 52 week high of C$24.90.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C($0.14) earnings per share for the quarter. The company had revenue of C$305.58 million for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.88%. Equities research analysts anticipate that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, March 26th. North American Construction Group’s dividend payout ratio is currently 42.11%.

Wall Street Analysts Forecast Growth

NOA has been the topic of a number of analyst reports. Canaccord Genuity Group upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price target on the stock in a research note on Friday, March 13th. BMO Capital Markets lowered shares of North American Construction Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$26.00 to C$23.00 in a research note on Thursday, March 12th. National Bank Financial set a C$28.00 target price on shares of North American Construction Group and gave the stock an “outperform” rating in a report on Monday, December 22nd. TD Securities decreased their target price on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating for the company in a report on Friday, December 19th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of North American Construction Group from C$22.00 to C$20.00 in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.14.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.