Mackenzie Financial Corp Has $14.18 Million Holdings in North American Construction Group Ltd. (NYSE:NOA)

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

Several other institutional investors and hedge funds have also modified their holdings of NOA. 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 purchasing an additional 5,884 shares during the last quarter. Tranquility Partners LLC lifted its holdings in shares of 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 buying an additional 658 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of North American Construction Group during the 4th quarter valued at about $295,000. JB Capital Partners LP bought a new stake in shares of North American Construction Group in the 4th quarter valued at approximately $432,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in North American Construction Group by 4.9% in the fourth 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 buying an additional 974 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. 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. Canaccord Genuity Group downgraded shares of North American Construction Group from a "buy" rating to a "hold" rating in a research report on Friday, July 11th. Finally, Raymond James Financial cut North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, North American Construction Group has an average rating of "Moderate Buy".

North American Construction Group Stock Performance

NOA stock traded down $0.12 during midday trading on Friday, hitting $14.91. 64,564 shares of the company traded hands, compared to its average volume of 75,105. North American Construction Group Ltd. has a twelve month low of $13.19 and a twelve month high of $22.08. The stock has a market capitalization of $450.43 million, a price-to-earnings ratio of 14.76 and a beta of 1.24. The company has a quick ratio of 0.74, a current ratio of 0.92 and a debt-to-equity ratio of 1.44. The business has a 50 day simple moving average of $16.62 and a 200-day simple moving average of $16.91.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.086 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.34 dividend on an annualized basis and a yield of 2.3%. This is a positive change from North American Construction Group's previous quarterly dividend of $0.08. North American Construction Group's dividend payout ratio (DPR) is presently 33.66%.

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.