North American Construction Group Ltd. (TSE:NOA) Director Martin Robert Ferron Buys 4,000 Shares of Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of C$23.31 per share, for a total transaction of C$93,236.00.

Martin Robert Ferron also recently made the following trade(s):

• On Thursday, March 27th, Martin Robert Ferron bought 4,000 shares of North American Construction Group stock. The shares were purchased at an average cost of C$23.21 per share, with a total value of C$92,835.60.
• On Wednesday, January 1st, Martin Robert Ferron sold 6,209 shares of North American Construction Group stock. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40.

North American Construction Group Price Performance

NOA opened at C$23.02 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The firm has a market cap of C$616.18 million, a price-to-earnings ratio of 10.82, a PEG ratio of 0.79 and a beta of 1.59. The stock’s 50-day moving average price is C$26.02 and its 200 day moving average price is C$26.94. North American Construction Group Ltd. has a 12-month low of C$21.88 and a 12-month high of C$31.91.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s payout ratio is currently 18.81%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NOA. Canaccord Genuity Group raised their price objective on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Ventum Financial dropped their target price on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective for the company in a research report on Thursday, January 30th. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$37.38.

About North American Construction Group

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.