North American Construction Group (TSE:NOA) Reaches New 1-Year Low at $14.03

North American Construction Group Ltd. (TSE:NOAGet Rating) (NYSE:NOA)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$14.03 and last traded at C$14.15, with a volume of 85074 shares changing hands. The stock had previously closed at C$15.25.

A number of equities research analysts have weighed in on NOA shares. National Bankshares boosted their target price on shares of North American Construction Group from C$27.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, February 18th. Raymond James raised their price objective on shares of North American Construction Group from C$26.50 to C$27.50 and gave the company an “outperform” rating in a research note on Monday, April 25th. BMO Capital Markets lowered their target price on shares of North American Construction Group from C$26.00 to C$24.00 in a report on Thursday, April 28th. Canaccord Genuity Group raised their price objective on shares of North American Construction Group from C$28.00 to C$29.00 in a report on Friday, February 18th. Finally, CIBC reduced their target price on shares of North American Construction Group from C$23.00 to C$22.00 and set a “neutral” rating for the company in a research note on Friday, April 29th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$26.44.

The company has a current ratio of 1.06, a quick ratio of 0.64 and a debt-to-equity ratio of 141.92. The stock has a market cap of C$406.12 million and a price-to-earnings ratio of 9.95. The stock has a 50-day moving average price of C$16.73 and a two-hundred day moving average price of C$18.03.

North American Construction Group (TSE:NOAGet Rating) (NYSE:NOA) last announced its quarterly earnings results on Wednesday, April 27th. The company reported C$0.51 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.05). The company had revenue of C$176.71 million during the quarter, compared to analysts’ expectations of C$186.90 million. Research analysts predict that North American Construction Group Ltd. will post 2.5099999 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, July 8th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Thursday, May 26th. North American Construction Group’s payout ratio is 13.62%.

In other news, insider North American Construction Group Ltd. purchased 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 6th. The stock was purchased at an average cost of C$17.99 per share, with a total value of C$431,719.20. Following the completion of the acquisition, the insider now directly owns 24,000 shares of the company’s stock, valued at approximately C$431,719.20. Also, Director Martin Robert Ferron bought 15,000 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was bought at an average cost of C$15.70 per share, with a total value of C$235,500.00. Following the completion of the acquisition, the director now owns 2,141,857 shares of the company’s stock, valued at approximately C$33,627,154.90. In the last three months, insiders acquired 426,600 shares of company stock worth $7,041,649.

About North American Construction Group (TSE:NOA)

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.

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