North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services. Its Equipment Maintenance Services division provides fuel and lube servicing, portable steaming, equipment inspections, parts and component supply, major overhauls and equipment refurbishment, onsite haul truck brake testing, onsite maintenance support, under carriage rebuild, machining, hose manufacturing, and technical support services, as well as welding, fabrication/repairs, weld certification, and inspection services. As of December 31, 2021, the company operated a heavy equipment fleet of 632 units. It serves resource development and industrial construction sectors. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. North American Construction Group Ltd. was founded in 1953 and is headquartered in Acheson, Canada.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on NOA shares. BMO Capital Markets cut their price objective on shares of North American Construction Group from C$26.00 to C$24.00 in a report on Thursday, April 28th. National Bankshares cut their target price on shares of North American Construction Group from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a report on Friday, July 29th. CIBC cut their target price on shares of North American Construction Group from C$22.00 to C$17.00 in a report on Wednesday, July 13th. ATB Capital cut their target price on shares of North American Construction Group from C$22.00 to C$21.00 in a report on Thursday, July 28th. Finally, Atb Cap Markets lowered shares of North American Construction Group from an "outperform" rating to a "sector perform" rating in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, North American Construction Group currently has an average rating of "Moderate Buy" and an average target price of C$23.78.
North American Construction Group Trading Up 1.6 %
Shares of TSE:NOA opened at C$15.34 on Thursday. North American Construction Group has a 12 month low of C$13.55 and a 12 month high of C$22.00. The company has a quick ratio of 0.63, a current ratio of 1.00 and a debt-to-equity ratio of 148.94. The company's fifty day simple moving average is C$14.93 and its 200 day simple moving average is C$16.93. The firm has a market cap of C$416.86 million and a price-to-earnings ratio of 9.53.
North American Construction Group (TSE:NOA - Get Rating) (NYSE:NOA) last issued its quarterly earnings data on Wednesday, July 27th. The company reported C$0.17 EPS for the quarter, missing analysts' consensus estimates of C$0.29 by C($0.12). The company had revenue of C$168.03 million for the quarter, compared to analyst estimates of C$173.70 million. As a group, research analysts forecast that North American Construction Group will post 2.3777909 EPS 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 7th. Investors of record on Wednesday, August 31st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, August 30th. North American Construction Group's dividend payout ratio (DPR) is currently 14.91%.
Insider Activity at North American Construction Group
In other North American Construction Group news, insider North American Construction Group Ltd. bought 19,100 shares of the firm's stock in a transaction that occurred on Wednesday, June 8th. The stock was acquired at an average price of C$17.18 per share, with a total value of C$328,231.59. Following the completion of the transaction, the insider now owns 54,400 shares in the company, valued at C$934,858.56. In other news, Director Martin Robert Ferron acquired 5,000 shares of the firm's stock in a transaction dated Thursday, June 23rd. The stock was bought at an average price of C$13.99 per share, with a total value of C$69,950.00. Following the transaction, the director now directly owns 2,146,857 shares in the company, valued at approximately C$30,034,529.43. Also, insider North American Construction Group Ltd. acquired 19,100 shares of the firm's stock in a transaction dated Wednesday, June 8th. The stock was purchased at an average cost of C$17.18 per share, with a total value of C$328,231.59. Following the transaction, the insider now owns 54,400 shares in the company, valued at C$934,858.56. Over the last 90 days, insiders acquired 724,200 shares of company stock valued at $10,997,013.