North American Construction Group (TSE:NOA) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• North American Construction Group shares fell below their 200-day moving average, reaching C$18.42 and closing at C$18.70, compared with the C$19.62 average.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of C$22.71, implying potential upside from recent levels.
• The company reported C$0.32 in quarterly EPS on C$400.96 million in revenue and announced a quarterly dividend of C$0.12, yielding about 2.6%; insiders purchased 285,000 shares worth approximately C$5.43 million over the past 90 days.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA's share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.62 and traded as low as C$18.42. North American Construction Group shares last traded at C$18.70, with a volume of 89,259 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NOA shares. BMO Capital Markets increased their target price on shares of North American Construction Group from C$21.00 to C$22.00 and gave the stock a "market perform" rating in a research note on Thursday, May 14th. National Bank Financial dropped their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an "outperform" rating on the stock in a report on Friday, August 14th. Finally, ATB Cormark Capital Markets increased their price objective on shares of North American Construction Group from C$21.00 to C$24.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$22.71.

North American Construction Group Trading Up 1.4%

The business has a fifty day moving average of C$19.11 and a 200-day moving average of C$19.62. The company has a debt-to-equity ratio of 246.95, a quick ratio of 0.79 and a current ratio of 1.07. The company has a market capitalization of C$503.29 million, a P/E ratio of 16.70, a PEG ratio of 0.79 and a beta of 0.89.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last announced 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 business had revenue of C$400.96 million during the quarter. Analysts anticipate that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The firm 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 28th. North American Construction Group's dividend payout ratio is currently 42.86%.

Insider Activity

In other news, Director Martin Robert Ferron acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The shares were acquired at an average price of C$17.76 per share, for a total transaction of C$88,800.00. Following the completion of the purchase, the director owned 2,300,738 shares in the company, valued at approximately C$40,861,106.88. This trade represents a 0.22% increase in their ownership of the stock. Also, insider North American Construction Group Ltd. acquired 165,000 shares of North American Construction Group stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of C$19.14 per share, with a total value of C$3,158,100.00. Following the completion of the acquisition, the insider owned 165,000 shares of the company's stock, valued at C$3,158,100. This trade represents a ∞ increase in their position. In the last ninety days, insiders purchased 285,000 shares of company stock worth $5,430,250. 8.93% of the stock is owned by 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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