Intact Investment Management Inc. Has $1.68 Million Holdings in North American Construction Group Ltd. $NOA

Key Points

• Intact Investment Management raised its stake in North American Construction Group by 368.0% in Q4 to 117,000 shares, representing a 0.40% ownership worth about $1.68 million.
• Institutional ownership is high at 74.99%, with several large investors (Aegis, BMO, CIBC, NewGen, Bank of America) recently adding sizeable positions or initiating new ones.
• Wall Street ratings are mixed with a consensus of "Hold" and an average price target of $24.50, while the stock trades near $14.59 and pays a quarterly dividend of $0.12 (annual yield ~3.3%).

Intact Investment Management Inc. raised its holdings in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 368.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,000 shares of the oil and gas company's stock after buying an additional 92,000 shares during the quarter. Intact Investment Management Inc. owned 0.40% of North American Construction Group worth $1,684,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NOA. Aegis Financial Corp acquired a new position in North American Construction Group in the third quarter valued at approximately $11,965,000. Bank of Montreal Can lifted its stake in North American Construction Group by 20.5% in the third quarter. Bank of Montreal Can now owns 2,704,392 shares of the oil and gas company's stock valued at $38,409,000 after buying an additional 459,755 shares during the period. CIBC Asset Management Inc lifted its stake in North American Construction Group by 50.1% in the third quarter. CIBC Asset Management Inc now owns 1,179,482 shares of the oil and gas company's stock valued at $16,763,000 after buying an additional 393,679 shares during the period. NewGen Asset Management Ltd acquired a new position in North American Construction Group in the third quarter valued at approximately $4,719,000. Finally, Bank of America Corp DE lifted its stake in North American Construction Group by 80.7% in the second quarter. Bank of America Corp DE now owns 326,266 shares of the oil and gas company's stock valued at $5,214,000 after buying an additional 145,745 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NOA shares. Roth Mkm started coverage on North American Construction Group in a research report on Thursday, February 5th. They set a "buy" rating and a $25.00 target price on the stock. BMO Capital Markets lowered North American Construction Group from an "outperform" rating to a "market perform" rating in a research report on Thursday, March 12th. Canaccord Genuity Group raised North American Construction Group from a "hold" rating to a "buy" rating in a research report on Friday, March 13th. ATB Cormark Capital Markets lowered North American Construction Group from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 28th. Finally, Zacks Research lowered North American Construction Group from a "hold" rating to a "strong sell" rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, North American Construction Group currently has a consensus rating of "Hold" and an average price target of $24.50.

North American Construction Group Trading Down 1.0%

NYSE NOA opened at $14.59 on Tuesday. The firm has a market capitalization of $414.56 million, a P/E ratio of 18.23 and a beta of 1.11. The business has a fifty day simple moving average of $14.63 and a 200 day simple moving average of $14.68. North American Construction Group Ltd. has a 12 month low of $12.07 and a 12 month high of $18.24. The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 1.64.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, March 26th. North American Construction Group's dividend payout ratio is presently 43.75%.

North American Construction Group Profile

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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