North American Construction Group Ltd (TSE:NOA) (NYSE:NOA) Senior Officer Joseph Charles Lambert sold 9,200 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$16.59, for a total value of C$152,628.00. Following the transaction, the insider now directly owns 66,032 shares of the company’s stock, valued at approximately C$1,095,470.88.
Shares of NOA traded down C$0.09 during trading hours on Friday, hitting C$16.59. 41,300 shares of the company were exchanged, compared to its average volume of 66,892. North American Construction Group Ltd has a fifty-two week low of C$6.53 and a fifty-two week high of C$17.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, March 12th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, March 11th.
A number of brokerages have recently issued reports on NOA. Raymond James upped their price objective on North American Construction Group from C$15.50 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Pi Financial upped their price objective on North American Construction Group from C$20.00 to C$23.00 in a research note on Wednesday, February 27th. Finally, Canaccord Genuity upped their price objective on North American Construction Group from C$22.00 to C$23.00 in a research note on Wednesday, February 27th.
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North American Construction Group Company Profile
North American Energy Partners Inc, through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily in Western Canada. The company offers construction and operations support services through various stages of an oil sands project's lifecycle.
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