Millennium Management LLC Has $1.30 Million Position in North American Construction Group Ltd. (NYSE:NOA)

Millennium Management LLC grew its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 75.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 60,274 shares of the oil and gas company's stock after acquiring an additional 25,889 shares during the period. Millennium Management LLC owned 0.22% of North American Construction Group worth $1,303,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its stake 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 valued at $171,000 after acquiring an additional 5,884 shares during the last quarter. Stephens Inc. AR bought a new position in shares of North American Construction Group in the 4th quarter valued at $204,000. Proficio Capital Partners LLC bought a new position in shares of North American Construction Group in the 4th quarter valued at $269,000. D. E. Shaw & Co. Inc. acquired a new stake in North American Construction Group in the fourth quarter valued at $295,000. Finally, Northwest & Ethical Investments L.P. increased its holdings in North American Construction Group by 122.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company's stock valued at $314,000 after purchasing an additional 8,029 shares during the period. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Trading Up 2.6%

NYSE NOA traded up $0.45 on Friday, reaching $17.86. The company had a trading volume of 53,828 shares, compared to its average volume of 70,635. The firm has a market cap of $546.31 million, a price-to-earnings ratio of 12.40 and a beta of 1.28. North American Construction Group Ltd. has a fifty-two week low of $13.19 and a fifty-two week high of $22.08. The business has a 50 day moving average of $15.89 and a two-hundred day moving average of $18.05. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.086 per share. This is an increase from North American Construction Group's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, June 4th. North American Construction Group's dividend payout ratio (DPR) is presently 33.66%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOA. Raymond James downgraded North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st.

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.