Martin Robert Ferron Buys 5,000 Shares of North American Construction Group (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron acquired 5,000 shares of North American Construction Group stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of C$18.45 per share, with a total value of C$92,250.00. Following the purchase, the director owned 2,295,738 shares in the company, valued at C$42,356,366.10. The trade was a 0.22% increase in their position.

Martin Robert Ferron also recently made the following trade(s):

• On Tuesday, May 19th, Martin Robert Ferron bought 10,000 shares of North American Construction Group stock. The shares were acquired at an average cost of C$20.45 per share, for a total transaction of C$204,500.00.

North American Construction Group Stock Up 1.4%

Shares of TSE:NOA traded up C$0.27 on Monday, reaching C$19.19. The company had a trading volume of 44,046 shares, compared to its average volume of 107,154. The stock has a market capitalization of C$520.11 million, a P/E ratio of 17.13, a P/E/G ratio of 0.79 and a beta of 0.91. The stock has a 50-day moving average price of C$19.63 and a 200 day moving average price of C$20.17. North American Construction Group Ltd. has a twelve month low of C$16.45 and a twelve month high of C$24.59. The company has a quick ratio of 0.79, a current ratio of 1.11 and a debt-to-equity ratio of 202.48.

North American Construction Group (TSE:NOA) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.37 EPS for the quarter. The company had revenue of C$319.22 million for the quarter. North American Construction Group had a return on equity of 7.69% and a net margin of 2.63%. On average, equities analysts expect that North American Construction Group Ltd. will post 4.0597484 EPS for the current year.

North American Construction Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. North American Construction Group’s dividend payout ratio is currently 42.86%.

Analyst Ratings Changes

A number of brokerages have recently commented on NOA. Raymond James Financial upped their price objective on shares of North American Construction Group from C$24.00 to C$26.00 in a research report on Wednesday, April 29th. BMO Capital Markets upped their price target on North American Construction Group from C$21.00 to C$22.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating and set a C$20.00 price objective on the stock in a report on Friday, March 13th. Finally, ATB Cormark Capital Markets boosted their price objective on North American Construction Group from C$21.00 to C$24.00 and gave the company 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 given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$22.71.

About North American Construction Group

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.