Bank of America Corp DE grew its stake in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 434,014 shares of the oil and gas company's stock after purchasing an additional 49,104 shares during the period. Bank of America Corp DE owned approximately 1.56% of North American Construction Group worth $9,379,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hsbc Holdings PLC grew its holdings in North American Construction Group by 2.3% in the fourth quarter. Hsbc Holdings PLC now owns 39,965 shares of the oil and gas company's stock valued at $862,000 after purchasing an additional 898 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of North American Construction Group by 2.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 55,263 shares of the oil and gas company's stock worth $1,194,000 after buying an additional 1,085 shares in the last quarter. Tranquility Partners LLC increased its holdings in North American Construction Group by 11.5% during the 4th quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company's stock valued at $323,000 after acquiring an additional 1,538 shares in the last quarter. Swiss National Bank increased its holdings in North American Construction Group by 4.7% during the 4th quarter. Swiss National Bank now owns 49,500 shares of the oil and gas company's stock valued at $1,066,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Pacific Global Investment Management Co. lifted its holdings in shares of North American Construction Group by 5.3% in the fourth quarter. Pacific Global Investment Management Co. now owns 68,223 shares of the oil and gas company's stock valued at $1,474,000 after purchasing an additional 3,404 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.
North American Construction Group Price Performance
North American Construction Group stock traded up $0.06 during midday trading on Tuesday, reaching $17.19. 88,419 shares of the company were exchanged, compared to its average volume of 70,924. The firm's 50-day simple moving average is $15.69 and its 200-day simple moving average is $18.20. North American Construction Group Ltd. has a 1 year low of $13.19 and a 1 year high of $22.08. The company has a market capitalization of $525.96 million, a price-to-earnings ratio of 11.94 and a beta of 1.32. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13.
North American Construction Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.086 per share. This is a boost from North American Construction Group's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, June 4th. North American Construction Group's dividend payout ratio (DPR) is currently 32.67%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of North American Construction Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Raymond James cut North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, April 22nd.
Read Our Latest Research Report on North American Construction Group
North American Construction Group Company Profile
(
Free Report)
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.
Further Reading
Before you consider North American Construction Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and North American Construction Group wasn't on the list.
While North American Construction Group currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
