North American Construction Group Ltd. (NYSE:NOA) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 434,014 shares of the oil and gas company's stock after acquiring an additional 49,104 shares during the period. Bank of America Corp DE owned 1.56% of North American Construction Group worth $9,379,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in shares of North American Construction Group by 284.3% in the 4th quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock worth $171,000 after acquiring an additional 5,884 shares during the last quarter. Stephens Inc. AR purchased a new stake in North American Construction Group in the fourth quarter valued at approximately $204,000. Proficio Capital Partners LLC acquired a new position in North American Construction Group during the fourth quarter worth $269,000. Northwest & Ethical Investments L.P. boosted its position in shares of North American Construction Group by 122.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company's stock worth $314,000 after buying an additional 8,029 shares during the period. Finally, Tranquility Partners LLC boosted its position in shares of North American Construction Group by 11.5% during the fourth quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company's stock worth $323,000 after buying an additional 1,538 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NOA has been the topic of several research reports. Raymond James lowered North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of North American Construction Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st.

North American Construction Group Stock Up 0.5%

North American Construction Group stock traded up $0.09 during mid-day trading on Thursday, reaching $17.41. 39,544 shares of the company's stock were exchanged, compared to its average volume of 70,534. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. North American Construction Group Ltd. has a twelve month low of $13.19 and a twelve month high of $22.08. The company has a market cap of $532.69 million, a P/E ratio of 12.09 and a beta of 1.32. The company has a fifty day moving average of $15.75 and a 200-day moving average of $18.17.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, June 4th will be paid a $0.086 dividend. 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 1.98%. The ex-dividend date is Wednesday, June 4th. North American Construction Group's dividend payout ratio (DPR) is presently 32.67%.

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.