North American Construction Group (TSE:NOA) Hits New 1-Year Low on Analyst Downgrade

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) reached a new 52-week low during mid-day trading on Wednesday after Canaccord Genuity Group lowered their price target on the stock from C$34.00 to C$30.00. Canaccord Genuity Group currently has a buy rating on the stock. North American Construction Group traded as low as C$23.38 and last traded at C$23.60, with a volume of 74492 shares changing hands. The stock had previously closed at C$24.07.

A number of other research firms also recently issued reports on NOA. National Bankshares decreased their target price on shares of North American Construction Group from C$47.00 to C$39.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. ATB Capital decreased their target price on shares of North American Construction Group from C$45.00 to C$40.00 in a research report on Friday, August 2nd. Ventum Financial decreased their target price on shares of North American Construction Group from C$52.00 to C$47.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Raymond James decreased their price objective on shares of North American Construction Group from C$40.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, TD Securities decreased their price objective on shares of North American Construction Group from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$36.13.

Insider Transactions at North American Construction Group

In related news, Director Martin Robert Ferron bought 3,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average price of C$24.15 per share, with a total value of C$72,460.80. In other North American Construction Group news, Director Martin Robert Ferron acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of C$24.15 per share, with a total value of C$72,460.80. Also, Director Maryse C. Saint-Laurent acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of C$25.88 per share, with a total value of C$51,760.00. Insiders purchased 12,000 shares of company stock valued at $290,121 over the last 90 days. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Stock Performance

The company has a market cap of C$624.41 million, a PE ratio of 12.77, a PEG ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 210.33, a quick ratio of 0.79 and a current ratio of 1.03. The firm’s 50 day moving average is C$25.31 and its 200-day moving average is C$27.10.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.85 earnings per share for the quarter, beating the consensus estimate of C$0.79 by C$0.06. North American Construction Group had a net margin of 4.99% and a return on equity of 15.19%. The business had revenue of C$276.31 million during the quarter, compared to analysts’ expectations of C$314.61 million. On average, research analysts anticipate that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, August 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. North American Construction Group’s dividend payout ratio (DPR) is 21.86%.

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.