North American Construction Group Ltd. $NOA Shares Bought by AYAL Capital Advisors Ltd

Key Points

• AYAL Capital Advisors Ltd increased its stake in North American Construction Group Ltd. by 9.3%, acquiring 38,900 additional shares this quarter, bringing its total holdings to 457,470 shares which represent 2.4% of its investment portfolio.
• North American Construction Group reported a quarterly EPS of $0.24, missing analysts' estimates of $0.66, while revenue was slightly above expectations at $235.51 million.
• The company declared a quarterly dividend of $0.0872 per share, which is a slight decrease from the previous quarterly dividend of $0.09, resulting in an annualized yield of 2.6%.

AYAL Capital Advisors Ltd boosted its position in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,470 shares of the oil and gas company's stock after purchasing an additional 38,900 shares during the period. North American Construction Group makes up 2.4% of AYAL Capital Advisors Ltd's portfolio, making the stock its 7th biggest position. AYAL Capital Advisors Ltd owned 1.50% of North American Construction Group worth $7,223,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tranquility Partners LLC grew its holdings in North American Construction Group by 4.4% during the 1st quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock valued at $246,000 after purchasing an additional 658 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in North American Construction Group during the 4th quarter worth $295,000. Nuveen LLC acquired a new position in North American Construction Group during the 1st quarter worth $395,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in North American Construction Group by 4.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,850 shares of the oil and gas company's stock worth $451,000 after acquiring an additional 974 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in North American Construction Group by 23.6% during the 4th quarter. Lazard Asset Management LLC now owns 21,628 shares of the oil and gas company's stock worth $467,000 after acquiring an additional 4,126 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NOA shares. Cibc World Mkts lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Wall Street Zen raised shares of North American Construction Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. TD Securities lowered shares of North American Construction Group from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Zacks Research lowered shares of North American Construction Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. Finally, Atb Cap Markets lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce".

North American Construction Group Stock Performance

NYSE:NOA traded down $0.08 during mid-day trading on Friday, hitting $13.39. The stock had a trading volume of 111,055 shares, compared to its average volume of 190,048. The stock has a market capitalization of $403.95 million, a price-to-earnings ratio of 15.39 and a beta of 1.23. The company has a 50 day simple moving average of $14.89 and a 200-day simple moving average of $15.89. North American Construction Group Ltd. has a 52 week low of $12.12 and a 52 week high of $22.08. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.57.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last issued its quarterly earnings data on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.42). North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. The firm had revenue of $235.51 million during the quarter, compared to the consensus estimate of $231.51 million. On average, research analysts expect that North American Construction Group Ltd. will post 2.56 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, August 29th will be paid a $0.0872 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.35 annualized dividend and a dividend yield of 2.6%. This is an increase from North American Construction Group's previous quarterly dividend of $0.09. North American Construction Group's dividend payout ratio is presently 39.08%.

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.