North American Construction Group (TSE:NOA) Insider North American Construction Group Ltd. Purchases 110,000 Shares

Key Points

• Insider buying: North American Construction Group acquired 110,000 shares at an average C$19.01, a transaction worth approximately C$2.09 million. This follows a July purchase of 165,000 shares for about C$3.16 million.
• Latest results: The company reported quarterly revenue of C$400.96 million and earnings of C$0.32 per share, with a 2.63% net margin and 7.69% return on equity.
• Stock and outlook: NOA recently traded at C$20.15 and pays a C$0.48 annualized dividend, yielding 2.4%. Analysts maintain a “Moderate Buy” consensus with an average price target of C$22.71.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA insider North American Construction Group Ltd. acquired 110,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of C$19.01 per share, with a total value of C$2,091,100.00. Following the acquisition, the insider owned 110,000 shares in the company, valued at C$2,091,100. The trade was a ∞ increase in their position.

North American Construction Group Ltd. also recently made the following trade(s):

• On Wednesday, July 8th, North American Construction Group Ltd. acquired 165,000 shares of North American Construction Group stock. The shares were acquired at an average cost of C$19.14 per share, for a total transaction of C$3,158,100.00.

North American Construction Group Stock Performance

TSE:NOA traded down C$1.26 on Thursday, reaching C$20.15. 194,496 shares of the company's stock were exchanged, compared to its average volume of 101,476. The company has a debt-to-equity ratio of 202.48, a current ratio of 1.11 and a quick ratio of 0.79. The firm has a market cap of C$546.13 million, a price-to-earnings ratio of 17.99, a P/E/G ratio of 0.79 and a beta of 0.83. North American Construction Group Ltd. has a 52 week low of C$16.45 and a 52 week high of C$23.49. The stock has a fifty day simple moving average of C$19.26 and a 200-day simple moving average of C$19.95.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share (EPS) for the quarter. North American Construction Group had a net margin of 2.63% and a return on equity of 7.69%. The company had revenue of C$400.96 million for the quarter. As a group, sell-side analysts predict that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. North American Construction Group's dividend payout ratio (DPR) is presently 42.86%.

Analyst Ratings Changes

NOA has been the topic of a number of analyst reports. BMO Capital Markets boosted their price objective on North American Construction Group from C$21.00 to C$22.00 and gave the company a "market perform" rating in a research note on Thursday, May 14th. ATB Cormark Capital Markets raised their target price on North American Construction Group from C$21.00 to C$24.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 14th. Finally, Raymond James Financial lifted their target price on North American Construction Group from C$24.00 to C$26.00 in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.71.

North American Construction Group Company Profile

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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