North American Construction Group (TSE:NOA) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$27.17 and traded as low as C$26.30. North American Construction Group shares last traded at C$26.78, with a volume of 103,856 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NOA. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. CIBC raised North American Construction Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$30.00 to C$38.00 in a report on Thursday, December 5th. Canaccord Genuity Group upped their price objective on shares of North American Construction Group from C$32.00 to C$33.00 in a report on Friday, December 6th. ATB Capital lowered their target price on shares of North American Construction Group from C$40.00 to C$38.00 in a research note on Friday, November 1st. Finally, Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 target price on the stock in a research report on Thursday, January 30th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$38.13.

North American Construction Group Trading Up 1.2 %

The stock has a 50-day moving average of C$29.22 and a 200 day moving average of C$27.17. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The stock has a market cap of C$716.82 million, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were issued a $0.12 dividend. This is an increase from North American Construction Group’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, November 27th. North American Construction Group’s dividend payout ratio is 18.81%.

Insider Transactions at North American Construction Group

In other news, Director Martin Robert Ferron sold 6,209 shares of the company’s stock in a transaction dated Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40. Company 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.