Mackenzie Financial Corp Raises Position in North American Construction Group Ltd. (NYSE:NOA)

Mackenzie Financial Corp boosted its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899,609 shares of the oil and gas company's stock after purchasing an additional 34,086 shares during the quarter. Mackenzie Financial Corp owned about 2.93% of North American Construction Group worth $14,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in North American Construction Group by 284.3% during the fourth quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock valued at $171,000 after buying an additional 5,884 shares during the period. Tranquility Partners LLC lifted its stake in shares of North American Construction Group by 4.4% in the 1st quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock valued at $246,000 after acquiring an additional 658 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in North American Construction Group during the 4th quarter valued at about $295,000. JB Capital Partners LP purchased a new stake in North American Construction Group during the 4th quarter valued at about $432,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 during the last quarter. 74.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NOA has been the subject of several recent research reports. Canaccord Genuity Group downgraded North American Construction Group from a "buy" rating to a "hold" rating in a research report on Friday, July 11th. Wall Street Zen raised shares of North American Construction Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Raymond James Financial lowered shares of North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

North American Construction Group Trading Down 0.8%

Shares of NYSE NOA traded down $0.12 during trading hours on Friday, hitting $14.91. The company's stock had a trading volume of 64,564 shares, compared to its average volume of 61,556. North American Construction Group Ltd. has a 12 month low of $13.19 and a 12 month high of $22.08. The stock has a market cap of $450.43 million, a price-to-earnings ratio of 14.76 and a beta of 1.26. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.74 and a current ratio of 0.92. The business has a 50-day simple moving average of $16.58 and a 200-day simple moving average of $16.84.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, June 4th were issued 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 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, June 4th. North American Construction Group's dividend payout ratio is currently 34.65%.

North American Construction Group Profile

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.