North American Construction Group (TSE:NOA) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• North American Construction Group shares fell below their 200-day moving average, trading as low as C$17.90 versus the C$19.44 average, and last changed hands at C$18.02.
• Analyst sentiment remains positive but moderated: National Bank Financial cut its price target to C$28 from C$30 while maintaining an “outperform” rating. The stock has a consensus “Moderate Buy” rating and a C$22.71 price target.
• The company reported C$0.32 quarterly EPS on C$400.96 million in revenue and declared a C$0.12 quarterly dividend, representing a 2.7% annualized yield. Insiders bought 280,000 shares worth approximately C$5.34 million over the past three months.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA's stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.44 and traded as low as C$17.90. North American Construction Group shares last traded at C$18.02, with a volume of 71,220 shares changing hands.

Analyst Ratings Changes

Separately, National Bank Financial lowered their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, North American Construction Group has an average rating of "Moderate Buy" and a consensus price target of C$22.71.

North American Construction Group Stock Down 1.3%

The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79. The business's fifty day simple moving average is C$19.09 and its two-hundred day simple moving average is C$19.44. The company has a market cap of C$484.99 million, a PE ratio of 16.09, a PEG ratio of 0.79 and a beta of 0.89.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last posted its 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 business had revenue of C$400.96 million for the quarter. On average, analysts predict that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.7%. North American Construction Group's dividend payout ratio is currently 42.86%.

Insider Activity at North American Construction Group

In other North American Construction Group 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 stock was 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 in the company, valued at C$2,091,100. This represents a ∞ increase in their position. Also, Director Martin Robert Ferron bought 5,000 shares of North American Construction Group stock in a transaction dated Thursday, July 2nd. The shares were acquired at an average cost of C$17.76 per share, with a total value 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. Over the last three months, insiders acquired 280,000 shares of company stock worth $5,338,000. 8.93% of the stock is owned by corporate 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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