North American Construction Group Ltd. (NYSE:NOA) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on North American Construction Group, with five hold ratings and two buys. The average one-year price target is $25.75.
• NOA reported quarterly earnings per share of $0.23, in line with estimates, while revenue of $321.22 million exceeded expectations of $246.65 million.
• The company declared a quarterly dividend of $0.12, equivalent to an annualized $0.48 payout and a 3.7% yield; institutional investors own nearly 75% of outstanding shares.

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA has been given an average rating of "Hold" by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $25.75.

NOA has been the topic of a number of recent research reports. Zacks Research upgraded shares of North American Construction Group from a "strong sell" rating to a "hold" rating in a research report on Monday, August 17th. Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of North American Construction Group in a report on Thursday, July 9th. BMO Capital Markets reiterated a "market perform" rating on shares of North American Construction Group in a report on Thursday, August 13th. Roth Capital reiterated a "buy" rating and issued a $27.50 price objective on shares of North American Construction Group in a research note on Friday, May 15th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of North American Construction Group in a report on Tuesday, June 9th.

North American Construction Group Stock Performance

NYSE:NOA opened at $13.11 on Monday. The company has a fifty day moving average of $13.66 and a two-hundred day moving average of $14.28. North American Construction Group has a fifty-two week low of $12.07 and a fifty-two week high of $17.26. The stock has a market capitalization of $365.51 million, a PE ratio of 16.60 and a beta of 1.06. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.90 and a current ratio of 1.07.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last issued its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share for the quarter, meeting analysts' consensus estimates of $0.23. The firm had revenue of $321.22 million for the quarter, compared to analyst estimates of $246.65 million. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. As a group, research analysts forecast that North American Construction Group will post 0.96 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. North American Construction Group's dividend payout ratio (DPR) is currently 43.04%.

Institutional Investors Weigh In On North American Construction Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in North American Construction Group in the first quarter valued at approximately $476,000. Geode Capital Management LLC raised its stake in North American Construction Group by 51.4% during the 2nd quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company's stock worth $344,000 after acquiring an additional 7,300 shares in the last quarter. Raymond James Financial Inc. acquired a new position in North American Construction Group in the second quarter valued at $122,000. Bank of America Corp DE grew its holdings in shares of North American Construction Group by 80.7% during the second quarter. Bank of America Corp DE now owns 326,266 shares of the oil and gas company's stock worth $5,214,000 after purchasing an additional 145,745 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of North American Construction Group by 3.0% in the 2nd quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company's stock valued at $1,139,000 after purchasing an additional 2,040 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.

About North American Construction Group

North American Construction Group Ltd NYSE: NOA is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.

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