North American Construction Group (TSE:NOA) Reaches New 1-Year Low – Here’s Why

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$22.65 and last traded at C$22.73, with a volume of 35839 shares trading hands. The stock had previously closed at C$22.96.

Wall Street Analysts Forecast Growth

Several analysts have commented on NOA shares. Canaccord Genuity Group lifted their price target on North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price for the company in a research report on Thursday, January 30th. Finally, National Bankshares dropped their target price on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Six equities 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.com, the company presently has an average rating of “Buy” and a consensus target price of C$38.13.

North American Construction Group Stock Performance

The stock has a market cap of C$618.85 million, a PE ratio of 10.87, a PEG ratio of 0.79 and a beta of 1.59. The stock has a fifty day simple moving average of C$27.45 and a two-hundred day simple moving average of C$27.11. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s dividend payout ratio (DPR) is currently 18.81%.

Insider Activity

In other news, Director Martin Robert Ferron sold 6,209 shares of the stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total transaction of C$196,204.40. Company insiders own 8.93% of the company’s stock.

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.