North American Construction Group (TSE:NOA) Hits New 1-Year Low – Here’s What Happened

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$21.88 and last traded at C$23.96, with a volume of 49470 shares trading hands. The stock had previously closed at C$24.87.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NOA shares. National Bankshares reduced their price objective on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Raymond James raised North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target on the stock in a research report on Thursday, January 30th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$30.00 to C$38.00 in a report on Thursday, December 5th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group upped their price target on shares of North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$38.13.

North American Construction Group Stock Performance

The company has a market cap of C$643.21 million, a PE ratio of 11.30, a P/E/G ratio of 0.79 and a beta of 1.59. The stock’s 50-day simple moving average is C$26.77 and its 200 day simple moving average is C$27.05. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, March 13th. North American Construction Group’s dividend payout ratio is presently 18.81%.

Insiders Place Their Bets

In other North American Construction Group news, Director Martin Robert Ferron sold 6,209 shares of the business’s stock in a transaction on Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40. 8.93% of the stock is currently owned by insiders.

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.