North American Construction Group Ltd. (NYSE:NOA) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analysts have a consensus “Hold” rating on North American Construction Group, with five hold ratings and two buys. The average 12-month price target is $25.75.
• The stock opened at $11.42 and has declined 1.5%, trading near the lower end of its 52-week range of $10.85 to $17.26.
• The company reported quarterly EPS of $0.23, in line with estimates, while revenue of $321.22 million exceeded expectations. It also pays a quarterly dividend of C$0.12 per share, representing an annualized yield of about 4.2%.

Shares of North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA have earned a consensus recommendation of "Hold" from the seven brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.75.

A number of research analysts have recently commented on the company. Wall Street Zen lowered North American Construction Group from a "buy" rating to a "hold" rating in a report on Saturday, October 10th. Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of North American Construction Group in a research note on Thursday, July 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of North American Construction Group in a research report on Friday, September 4th. BMO Capital Markets reissued a "market perform" rating on shares of North American Construction Group in a research note on Thursday, August 13th. Finally, Zacks Research upgraded North American Construction Group from a "strong sell" rating to a "hold" rating in a report on Friday.

North American Construction Group Trading Down 1.5%

North American Construction Group stock opened at $11.42 on Tuesday. 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 has a 52 week low of $10.85 and a 52 week high of $17.26. The company has a 50 day moving average price of $12.91 and a 200 day moving average price of $13.58. The firm has a market capitalization of $315.22 million, a price-to-earnings ratio of 14.46 and a beta of 1.12.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last issued its 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 company had revenue of $321.22 million for the quarter, compared to the consensus estimate of $246.65 million. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. Research analysts forecast that North American Construction Group will post 0.90 EPS for the current year.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, August 28th were given a dividend of C$0.12 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.48 annualized dividend and a yield of 4.2%. North American Construction Group's dividend payout ratio is 43.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. lifted its holdings in shares of North American Construction Group by 1.1% in the second quarter. TD Waterhouse Canada Inc. now owns 329,224 shares of the oil and gas company's stock worth $4,253,000 after acquiring an additional 3,737 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of North American Construction Group during the 2nd quarter valued at $144,000. Morgan Dempsey Capital Management LLC bought a new position in North American Construction Group in the first quarter worth approximately $257,000. Cibc World Market Inc. acquired a new position in shares of North American Construction Group during the second quarter valued at about $278,000. Finally, Lazard Asset Management LLC grew its holdings in North American Construction Group by 259.5% during the first quarter. Lazard Asset Management LLC now owns 58,124 shares of the oil and gas company's stock worth $784,000 after buying an additional 41,954 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

About North American Construction Group

North American Construction Group Ltd. is a Canadian heavy civil construction and mining services company that supports resource development and infrastructure projects. Its operations are concentrated primarily in Western Canada, particularly Alberta's oil sands region, where it provides services to major mine owners and other industrial customers.

The company's services include mine development and operations, overburden removal, earthmoving, road construction, site preparation, reclamation and other large-scale civil construction activities.

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