Martin Robert Ferron Sells 6,209 Shares of North American Construction Group Ltd. (TSE:NOA) Stock

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total value of C$196,204.40.

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

• On Monday, November 18th, Martin Robert Ferron bought 2,900 shares of North American Construction Group stock. The shares were acquired at an average cost of C$27.68 per share, for a total transaction of C$80,272.00.
• On Tuesday, November 12th, Martin Robert Ferron acquired 6,000 shares of North American Construction Group stock. The shares were acquired at an average price of C$27.98 per share, for a total transaction of C$167,884.20.

North American Construction Group Stock Up 0.6 %

TSE:NOA opened at C$31.43 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 210.33. North American Construction Group Ltd. has a twelve month low of C$22.68 and a twelve month high of C$34.87. The company has a market cap of C$840.12 million, a PE ratio of 17.17, a P/E/G ratio of 0.79 and a beta of 1.59. The company’s 50 day moving average is C$28.63 and its two-hundred day moving average is C$26.80.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.53%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, November 27th. North American Construction Group’s payout ratio is presently 21.86%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. National Bankshares upped their target price on North American Construction Group from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. ATB Capital decreased their price objective on North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Raymond James lifted their target price on North American Construction Group from C$35.00 to C$40.00 in a research note on Friday, December 6th. CIBC raised shares of North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group lifted their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$37.63.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.