North American Construction Group Ltd. (TSE:NOA) Insider Acquires CA$301,180.26 in Shares


North American Construction Group Ltd. (EAST: NOAGet a rating) (NYSE:NOA) insider North American Construction Group Ltd. bought 19,100 shares of the company in a transaction that took place on Monday, May 2. The shares were purchased at an average cost of CA$15.77 per share, for a total transaction of CA$301,180.26. Following the completion of the acquisition, the insider now owns 19,100 shares of the company, valued at C$301,180.26.

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

  • On Friday, May 6, North American Construction Group Ltd. bought 9,000 shares of North American Construction Group. The shares were purchased at an average cost of CA$15.57 per share, for a total transaction of CA$140,090.40.
  • On Wednesday, May 4, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were purchased at an average cost of CA$15.71 per share, for a total transaction of CA$300,011.34.
  • On Friday, April 29, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group. The shares were purchased at an average cost of CA$16.30 per share, for a total transaction of CA$163,017.00.
  • On Wednesday, April 27, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group. The shares were acquired at an average price of CA$18.01 per share, for a total transaction of CA$180,095.00.
  • On Monday, April 25, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group. The shares were acquired at an average price of CA$17.21 per share, for a total transaction of CA$172,136.00.
  • On Friday, April 22, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group. The shares were acquired at an average price of CA$17.86 per share, for a total transaction of CA$178,645.00.
  • On Wednesday, April 20, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group. The shares were acquired at an average price of CA$18.65 per share, for a total transaction of CA$186,471.00.
  • On Monday, April 18, North American Construction Group Ltd. bought 3,000 shares of North American Construction Group. The shares were acquired at an average price of CA$18.80 per share, for a total transaction of CA$56,409.90.
  • On Wednesday, April 13, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group. The shares were acquired at an average price of CA$18.49 per share, for a total transaction of CA$184,870.00.
  • On Monday, April 11, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group. The shares were acquired at an average price of CA$18.74 per share, for a total transaction of CA$187,400.00.

Shares of EAST: NOA traded at C$0.46 during midday trading on Friday, reaching C$15.92. The company had a trading volume of 94,440 shares, compared to an average volume of 86,266. North American Construction Group Ltd. has a 12-month low of C$15.20 and a 12-month high of C$22.00. The company has a debt ratio of 141.93, a current ratio of 0.91 and a quick ratio of 0.59. The stock has a market cap of C$477.19 million and a price-to-earnings ratio of 9.68. The company’s 50-day simple moving average is C$18.36 and its 200-day simple moving average is C$18.78.

North American Construction Group (EAST: NOAGet a rating) (NYSE:NOA) last released its quarterly results on Wednesday, February 16. The company reported EPS of C$0.59 for the quarter, beating the consensus estimate of C$0.57 by C$0.02. The company posted revenue of C$181.00 million in the quarter, compared to analyst estimates of C$185.50 million. As a group, sell-side analysts expect North American Construction Group Ltd. will post an EPS of 2.4900001 for the current year.

The company also recently announced 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 per share. The ex-dividend date is Thursday, May 26. This represents an annualized dividend of $0.32 and a yield of 2.01%. North American Construction Group’s dividend payout ratio (DPR) is 12.17%.

Several research companies have recently weighed in on NOA. Canaccord Genuity Group raised its target price on the North American construction group from C$28.00 to C$29.00 in a Friday, February 18 research report. BMO Capital Markets lowered its target price on the North American construction group from C$26.00 to C$24.00 in a Thursday, April 28 research report. National Bankshares raised its price target on North American Construction Group from CA$27.00 to CA$30.00 and gave the company an “outperform” rating in a Friday, Feb. 18 research report. Raymond James raised its price target on North American Construction Group from CA$26.50 to CA$27.50 and gave the company an “outperform” rating in a Monday, April 25 research report. Finally, CIBC lowered its target price on North American Construction Group from C$23.00 to C$22.00 and set a “neutral” rating for the stock in a Friday, April 29 research report. One investment analyst gave the stock a hold rating and eight gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus buy rating and an average target price of C$26.20.

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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