North American Construction Group Ltd. (NYSE:NOA) Shares Acquired by Millennium Management LLC

Millennium Management LLC raised 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 Form 13F filing with the SEC. The institutional investor owned 60,274 shares of the oil and gas company's stock after buying an additional 25,889 shares during the period. Millennium Management LLC owned about 0.22% of North American Construction Group worth $1,303,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. lifted its position in shares of North American Construction Group by 284.3% during 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 buying an additional 5,884 shares in the last quarter. Stephens Inc. AR purchased a new position in North American Construction Group during the fourth quarter valued at $204,000. Proficio Capital Partners LLC purchased a new position in North American Construction Group during the fourth quarter valued at $269,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of North American Construction Group in the fourth quarter valued at about $295,000. Finally, Northwest & Ethical Investments L.P. increased its stake 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 purchasing an additional 8,029 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.

North American Construction Group Price Performance

Shares of NYSE NOA traded up $0.45 during mid-day trading on Friday, reaching $17.86. The company's stock had a trading volume of 53,828 shares, compared to its average volume of 70,212. The stock has a 50-day moving average of $15.86 and a two-hundred day moving average of $18.08. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. The stock has a market capitalization of $546.31 million, a P/E ratio of 12.40 and a beta of 1.28. North American Construction Group Ltd. has a 1-year low of $13.19 and a 1-year high of $22.08.

North American Construction Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NOA. 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. Raymond James downgraded North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd.

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.