Shares of North American Construction Group Ltd. (TSE:NOA – Get Rating) (NYSE:NOA) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$23.13.

NOA has been the subject of a number of recent research reports. Atb Cap Markets cut shares of North American Construction Group from an "outperform" rating to a "sector perform" rating in a research report on Thursday, July 28th. Raymond James lowered their price target on shares of North American Construction Group from C$24.00 to C$22.00 and set an "outperform" rating for the company in a research report on Thursday, July 28th. CIBC decreased their target price on shares of North American Construction Group from C$17.50 to C$16.00 in a report on Thursday, October 13th. Pi Financial decreased their target price on shares of North American Construction Group from C$30.00 to C$28.00 and set a "na" rating for the company in a report on Tuesday, July 26th. Finally, National Bankshares decreased their target price on shares of North American Construction Group from C$22.00 to C$20.00 and set an "outperform" rating for the company in a report on Friday, July 29th.

North American Construction Group Trading Up 2.5 %

Shares of NOA opened at C$15.00 on Friday. North American Construction Group has a 1-year low of C$12.65 and a 1-year high of C$22.00. The firm has a market capitalization of C$407.63 million and a price-to-earnings ratio of 9.32. The firm's 50-day moving average price is C$14.56 and its 200-day moving average price is C$15.36. The company has a current ratio of 1.00, a quick ratio of 0.63 and a debt-to-equity ratio of 148.94.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 2.13%. North American Construction Group's payout ratio is 14.91%.

Insider Activity

In related news, insider North American Construction Group Ltd. acquired 52,000 shares of the firm's stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average cost of C$15.30 per share, with a total value of C$795,662.40. Following the completion of the acquisition, the insider now directly owns 90,200 shares of the company's stock, valued at C$1,380,168.24. In related news, insider North American Construction Group Ltd. acquired 52,000 shares of the firm's stock in a transaction dated Wednesday, July 27th. The stock was purchased at an average cost of C$15.30 per share, with a total value of C$795,662.40. Following the completion of the acquisition, the insider now directly owns 90,200 shares of the company's stock, valued at C$1,380,168.24. Also, Director Martin Robert Ferron bought 5,000 shares of the business's stock in a transaction that occurred on Monday, September 26th. The shares were acquired at an average price of C$12.85 per share, with a total value of C$64,250.00. Following the completion of the transaction, the director now directly owns 2,257,070 shares of the company's stock, valued at approximately C$29,003,349.50. Insiders purchased 418,100 shares of company stock valued at $6,238,551 over the last three months.

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. 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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