Martin Robert Ferron Sells 4,000 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOAGet Free Report) (NYSE:NOA) Director Martin Robert Ferron sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$31.85, for a total transaction of C$127,400.00.

North American Construction Group Trading Down 2.6 %

NOA opened at C$29.96 on Wednesday. The company has a debt-to-equity ratio of 201.05, a current ratio of 0.91 and a quick ratio of 0.79. The company’s 50 day simple moving average is C$32.11 and its two-hundred day simple moving average is C$29.86. North American Construction Group Ltd. has a 1-year low of C$21.42 and a 1-year high of C$34.87. The firm has a market capitalization of C$800.83 million, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70.

North American Construction Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 8th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, March 7th. North American Construction Group’s dividend payout ratio (DPR) is 19.14%.

Analyst Ratings Changes

Several research firms recently weighed in on NOA. ATB Capital reduced their price target on shares of North American Construction Group from C$46.00 to C$45.00 in a research report on Thursday, March 14th. BMO Capital Markets upped their price target on shares of North American Construction Group from C$39.00 to C$42.00 in a research report on Thursday, March 14th. CIBC upped their price target on shares of North American Construction Group from C$32.50 to C$33.00 in a research report on Friday, March 15th. TD Securities upped their price target on shares of North American Construction Group from C$33.00 to C$34.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Finally, National Bankshares upped their price target on shares of North American Construction Group from C$43.00 to C$46.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, North American Construction Group has an average rating of “Moderate Buy” and an average price target of C$40.13.

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About North American Construction Group

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North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. Its 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; and Equipment Maintenance services.

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