North American Construction Group Ltd. (TSE:NOA) Announces Quarterly Dividend of $0.12

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA declared a quarterly dividend on Wednesday, June 4th, TickerTech Dividends reports. Shareholders of record on Friday, July 11th will be paid a dividend of 0.12 per share on Friday, July 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, June 4th.

North American Construction Group Stock Down 0.8%

Shares of NOA traded down C$0.19 during mid-day trading on Thursday, hitting C$23.75. 18,435 shares of the company traded hands, compared to its average volume of 85,382. North American Construction Group has a 1-year low of C$18.83 and a 1-year high of C$31.67. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The company has a market capitalization of C$635.72 million, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The business has a 50 day moving average of C$22.03 and a 200 day moving average of C$25.64.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron bought 4,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was acquired at an average cost of C$23.21 per share, with a total value of C$92,835.60. In the last ninety days, insiders bought 18,000 shares of company stock valued at $408,772. 8.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Raymond James downgraded shares of North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price target on the stock. in a report on Tuesday, April 22nd. CIBC cut their price target on shares of North American Construction Group from C$37.00 to C$36.00 in a report on Thursday, May 22nd. ATB Capital cut their price target on shares of North American Construction Group from C$37.00 to C$36.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. National Bankshares cut their price target on shares of North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, Ventum Financial cut their price target on shares of 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. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$35.63.

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.