North American Construction Group (TSE:NOA) Price Target Raised to C$40.00

North American Construction Group (TSE:NOA) (NYSE:NOA) had its target price lifted by Raymond James from C$35.00 to C$40.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. Raymond James also issued estimates for North American Construction Group’s Q1 2025 earnings at $1.07 EPS.

A number of other research firms have also issued reports on NOA. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday. ATB Capital lowered their price objective on North American Construction Group from C$40.00 to C$38.00 in a research report on Friday, November 1st. CIBC upgraded North American Construction Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$30.00 to C$38.00 in a research note on Thursday. National Bankshares boosted their price target on shares of North American Construction Group from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Canaccord Genuity Group increased their price target on shares of North American Construction Group from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$37.63.

North American Construction Group Stock Down 0.5 %

Shares of TSE NOA opened at C$29.40 on Friday. 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 has a market capitalization of C$785.86 million, a price-to-earnings ratio of 16.07, a PEG ratio of 0.79 and a beta of 1.59. The stock has a 50 day moving average price of C$26.56 and a 200 day moving average price of C$26.50. North American Construction Group has a 52-week low of C$22.68 and a 52-week high of C$34.87.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.12 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, November 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. North American Construction Group’s dividend payout ratio (DPR) is presently 21.86%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, Director Martin Robert Ferron purchased 2,900 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average price of C$27.68 per share, with a total value of C$80,272.00. Insiders have purchased 11,900 shares of company stock worth $320,617 in the last three months. Insiders own 8.93% of the company’s stock.

About North American Construction Group

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.