North American Construction Group Ltd. (TSE:NOA) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on North American Construction Group, with three buy ratings, one strong buy, and three holds. The average 12-month price target is C$22.71, though National Bank Financial recently lowered its target to C$28 from C$30 while retaining an outperform rating.
• Insiders have been actively buying shares: insiders purchased 280,000 shares worth approximately $5.34 million over the past quarter, and corporate insiders own 8.93% of the company.
• The company reported quarterly revenue of C$400.96 million and EPS of C$0.32, and announced a quarterly dividend of C$0.12, representing an annualized yield of approximately 2.7%.

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA have received an average rating of "Moderate Buy" from the seven brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$22.71.

Separately, National Bank Financial lowered their target price on North American Construction Group from C$30.00 to C$28.00 and set an "outperform" rating for the company in a research report on Friday, August 14th.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron purchased 5,000 shares of the business's stock in a transaction on Thursday, July 2nd. The shares were acquired at an average price of C$17.76 per share, with a total value of C$88,800.00. Following the completion of the transaction, the director owned 2,300,738 shares of the company's stock, valued at C$40,861,106.88. The trade was a 0.22% increase in their position. Also, insider North American Construction Group Ltd. bought 110,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of C$19.01 per share, with a total value of C$2,091,100.00. Following the purchase, the insider directly owned 110,000 shares of the company's stock, valued at C$2,091,100. This trade represents a ∞ increase in their ownership of the stock. Over the last quarter, insiders have bought 280,000 shares of company stock valued at $5,338,000. 8.93% of the stock is currently owned by corporate insiders.

North American Construction Group Trading Up 0.3%

Shares of TSE NOA opened at C$17.73 on Friday. The firm has a 50 day moving average price of C$18.92 and a two-hundred day moving average price of C$19.23. The stock has a market cap of C$477.19 million, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 0.79 and a beta of 0.89. North American Construction Group has a 52-week low of C$16.45 and a 52-week high of C$23.49. The company has a debt-to-equity ratio of 246.95, a quick ratio of 0.79 and a current ratio of 1.07.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 EPS for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The company had revenue of C$400.96 million for the quarter. As a group, equities analysts forecast that North American Construction Group will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, October 2nd will be issued a $0.12 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.48 annualized dividend and a yield of 2.7%. North American Construction Group's dividend payout ratio is presently 42.86%.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

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