North American Construction Group Ltd. (TSE:NOA) Insider acquires C$270,656.55 worth of shares

North American Construction Group Ltd. (TSE: NOA – Get a rating) (NYSE:NOA) insider North American Construction Group Ltd. bought 19,100 shares of North American Construction Group in a trade on Friday, June 24. The stock was purchased at an average price of CA$14.17 per share, for a total transaction of CA$270,656.55. Following the completion of the acquisition, the insider now owns 142,400 shares of the company, valued at approximately C$2,017,879.20.

North American Construction Group Ltd. also recently made the following trade(s):

  • On Wednesday, June 22, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The stock was acquired at an average price of CA$14.48 per share, for a total transaction of CA$276,539.35.
  • On Monday, June 20, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were purchased at an average cost of CA$14.80 per share, for a total value of CA$282,771.68.
  • On Friday, June 17, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were acquired at an average price of CA$14.52 per share, with a total value of CA$277,333.91.
  • On Wednesday, June 15, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were acquired at an average price of CA$16.16 per share, with a total value of CA$308,621.62.
  • On Monday, June 13, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were purchased at an average price of CA$15.86 per share, for a total transaction of CA$302,956.56.
  • On Friday, June 10, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were purchased at an average price of CA$16.35 per share, for a total transaction of CA$312,290.73.
  • On Wednesday, June 8, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were purchased at an average price of CA$17.18 per share, for a total transaction of CA$328,231.59.
  • On Monday, June 6, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were purchased at an average price of CA$16.83 per share, for a total transaction of CA$321,525.58.
  • On Friday, June 3, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were purchased at an average price of CA$16.83 per share, for a total transaction of CA$321,418.62.
  • On Wednesday, June 1, North American Construction Group Ltd. acquired 19,100 shares of North American Construction Group. The shares were acquired at an average cost of CA$16.70 per share, for a total transaction of CA$318,922.25.
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Shares of TSE NOA fell C$0.05 on Friday to C$14.01. 114,826 shares of the company were traded, against an average volume of 90,826. The company has a 50-day moving average of C$16.22 and a 200-day moving average of C$17.88. The stock has a market capitalization of C$397.88 million and a PE ratio of 9.54. North American Construction Group Ltd. has a fifty-two week minimum of C$13.97 and a fifty-two week maximum of C$22.00. The company has a current ratio of 1.06, a quick ratio of 0.64 and a debt ratio of 141.92.

North American Construction Group (TSE: NOA – Get a rating) (NYSE:NOA) last reported results on Wednesday, April 27. The company reported earnings per share (EPS) of CA$0.51 for the quarter, missing analyst consensus estimates of CA$0.56 by CA$0.05. The company posted revenue of C$176.71 million for the quarter, compared to C$186.90 million expected by analysts. As a group, research analysts expect North American Construction Group Ltd. shows earnings per share of 2.5099999 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 8. Shareholders of record on Friday, July 8 will receive a dividend of $0.08. This represents a dividend of $0.32 on an annualized basis and a yield of 2.28%. The ex-dividend date is Thursday, May 26. North American Construction Group’s dividend payout ratio is currently 13.62%.

Several analysts have recently commented on NOA shares. CIBC lowered its price target on North American Construction Group shares from C$23.00 to C$22.00 and set a “neutral” rating on the stock in a Friday, April 29 report. Raymond James raised his price target on North American Construction Group stock from C$26.50 to C$27.50 and gave the company an “outperform” rating in a Monday, April 25 research report. Finally, BMO Capital Markets lowered its price target on North American Construction Group shares from C$26.00 to C$24.00 in a Thursday, April 28 research note. One investment analyst gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “moderate buy” and an average target price of C$26.50.

About the North American Construction Group (Get a rating)

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, budget cost estimates, design-build construction, project management, contract mining, pit pre-stripping/pioneering , overburden removal and storage, pothole removal and storage, site preparation, airstrip construction, site dewatering/perimeter ditch, tailings and process lines, construction of haul and access roads, construction and densification of tailings dams, mechanically stabilized earth walls, construction of dams and reclamation services.

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