North American Construction Group (TSE:NOA) Sets New 12-Month Low - Here's Why

Key Points

• North American Construction Group shares hit a new 52-week low, falling to C$15.40 from a prior close of C$16.69 and trading below both their 50-day and 200-day moving averages.
• Despite the sell-off, analysts maintain a “Moderate Buy” consensus with an average price target of C$22.71; National Bank Financial lowered its target to C$28 while retaining an “outperform” rating.
• The company reported C$0.32 in quarterly EPS on C$400.96 million in revenue, pays a 3.0% dividend yield, and an insider recently purchased 110,000 shares at C$19.01 each.

Shares of North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$15.40 and last traded at C$15.90, with a volume of 239,924 shares traded. The stock had previously closed at C$16.69.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial decreased their target price on North American Construction Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$22.71.

North American Construction Group Stock Performance

The business's fifty day moving average is C$18.33 and its two-hundred day moving average is C$18.99. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 246.95. The stock has a market capitalization of C$430.62 million, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last released 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 2.41% and a return on equity of 7.40%. The company had revenue of C$400.96 million for the quarter. As a group, research analysts anticipate that North American Construction Group Ltd. will post 4.06 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.0%. North American Construction Group's payout ratio is currently 42.86%.

Insiders Place Their Bets

In other news, insider North American Construction Group Ltd. bought 110,000 shares of North American Construction Group stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of C$19.01 per share, with a total value of C$2,091,100.00. Following the completion of the purchase, the insider owned 110,000 shares in the company, valued at C$2,091,100. The trade was a ∞ increase in their position. 8.93% of the stock is owned by company insiders.

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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