Martin Robert Ferron Purchases 10,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron purchased 10,000 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of C$22.27 per share, for a total transaction of C$222,700.00.

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

• On Thursday, March 27th, Martin Robert Ferron acquired 4,000 shares of North American Construction Group stock. The shares were bought at an average price of C$23.21 per share, with a total value of C$92,835.60.
• On Monday, March 24th, Martin Robert Ferron bought 4,000 shares of North American Construction Group stock. The stock was bought at an average price of C$23.31 per share, for a total transaction of C$93,236.00.

North American Construction Group Price Performance

Shares of TSE NOA opened at C$20.30 on Friday. North American Construction Group Ltd. has a twelve month low of C$20.00 and a twelve month high of C$31.67. 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 50-day moving average of C$25.14 and a two-hundred day moving average of C$26.83. The company has a market capitalization of C$543.37 million, a price-to-earnings ratio of 9.54, a PEG ratio of 0.79 and a beta of 1.59.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s payout ratio is 18.81%.

Analyst Ratings Changes

NOA has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of North American Construction Group from C$35.00 to C$34.00 in a report on Thursday, March 20th. Ventum Financial cut their price target on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Raymond James raised 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 report on Thursday, January 30th. Canaccord Genuity Group lifted their target price on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Finally, National Bankshares decreased their price target on North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average 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.