North American Construction Group Ltd. (TSE:NOA) Insider buys C$298,158.64 worth of shares


North American Construction Group Ltd. (TSE:NOA – Get Rating) (NYSE:NOA) insider North American Construction Group Ltd. bought 19,100 shares of North American Construction Group in a trade that took place on Friday, May 13. The stock was purchased at an average price of CA$15.61 per share, for a total transaction of CA$298,158.64. Following the completion of the acquisition, the insider now directly owns 93,300 shares of the company, valued at C$1,456,450.32.

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

  • On Wednesday, May 11, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The stock was purchased at an average price of CA$15.59 per share, for a total transaction of CA$297,761.36.
  • On Monday, May 9, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The stock was purchased at an average price of CA$15.20 per share, for a total transaction of CA$290,302.81.
  • On Friday, May 6, North American Construction Group Ltd. bought 9,000 shares of North American Construction Group. The stock was purchased at an average price 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 acquired at an average cost of CA$15.71 per share, for a total transaction of CA$300,011.34.
  • On Monday, May 2, North American Construction Group Ltd. bought 19,100 shares of North American Construction Group. The shares were acquired at an average cost of CA$15.77 per share, for a total transaction of CA$301,180.26.
  • On Friday, April 29, North American Construction Group Ltd. bought 10,000 shares of North American Construction Group. The shares were acquired 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 cost 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 cost 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 cost 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 cost of CA$18.65 per share, for a total transaction of CA$186,471.00.

Shares of TSE:NOA opened at C$15.55 on Friday. The company has a market capitalization of C$466.10 million and a PE ratio of 10.59. The company has a debt ratio of 141.92, a current ratio of 1.06 and a quick ratio of 0.64. The company has a fifty-day moving average price of C$17.94 and a two-hundred-day moving average price of C$18.61. North American Construction Group Ltd. has a 1-year low of C$14.75 and a 1-year high of C$22.00.

North American Construction Group (TSE:NOA – Get Rating) (NYSE:NOA) last reported quarterly earnings data on Wednesday, February 16. The company reported earnings per share (EPS) of C$0.59 for the quarter, beating consensus analyst estimates of C$0.57 by C$0.02. The company recorded revenue of C$181.00 million in the quarter, compared to the consensus estimate of C$185.50 million. Sell-side analysts expect North American Construction Group Ltd. will show earnings per share of 2.5200001 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. The ex-dividend date is Thursday, May 26. This represents a dividend of $0.32 on an annualized basis and a yield of 2.06%. North American Construction Group’s dividend payout ratio (DPR) is currently 13.62%.

A number of stock analysts have weighed in on NOA shares recently. 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 Bank Stocks raised its target price on North American Construction Group from C$27.00 to C$30.00 and gave the stock an “outperform” rating in a Friday research report February 18. Raymond James raised its price target on North American Construction Group from C$26.50 to C$27.50 and gave the stock an “outperform” rating in a Monday, April 25 research report. Canaccord Genuity Group raised its price target on North American Construction Group from C$28.00 to C$29.00 in a Friday, February 18 research report. Finally, CIBC lowered its price target on North American Construction Group from C$23.00 to C$22.00 and set a “neutral” rating for the company in a Friday, April 29 research report. One equity research analyst gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus buy rating and a consensus price target of C$26.20.

About the North American Construction Group (Get an evaluation)

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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Insider buying and selling by quarter for North American Construction Group (TSE:NOA)



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Isabel M. Bourgeois