North American Construction Group Ltd. (NYSE:NOA) Shares Acquired by National Bank of Canada FI

Key Points

• National Bank of Canada FI has increased its stake in North American Construction Group Ltd. by 2.6%, owning 1,368,520 shares valued at approximately $21.56 million.
• The company's quarterly dividend was increased to $0.086 per share, representing a 2.1% yield for investors.
• Institutional investors now hold 74.99% of North American Construction Group's stock, indicating significant institutional interest in the company.

National Bank of Canada FI lifted its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,368,520 shares of the oil and gas company's stock after acquiring an additional 34,720 shares during the quarter. National Bank of Canada FI owned 4.46% of North American Construction Group worth $21,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AYAL Capital Advisors Ltd grew its stake in shares of North American Construction Group by 619.2% during the fourth quarter. AYAL Capital Advisors Ltd now owns 418,570 shares of the oil and gas company's stock worth $9,045,000 after acquiring an additional 360,370 shares during the last quarter. NewGen Asset Management Ltd purchased a new stake in shares of North American Construction Group during the first quarter worth about $2,368,000. Two Sigma Investments LP grew its stake in shares of North American Construction Group by 99.3% during the fourth quarter. Two Sigma Investments LP now owns 195,639 shares of the oil and gas company's stock worth $4,228,000 after acquiring an additional 97,493 shares during the last quarter. Bank of America Corp DE grew its stake in shares of North American Construction Group by 12.8% during the fourth quarter. Bank of America Corp DE now owns 434,014 shares of the oil and gas company's stock worth $9,379,000 after acquiring an additional 49,104 shares during the last quarter. Finally, K.J. Harrison & Partners Inc grew its stake in shares of North American Construction Group by 20.7% during the first quarter. K.J. Harrison & Partners Inc now owns 249,742 shares of the oil and gas company's stock worth $3,942,000 after acquiring an additional 42,842 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Stock Performance

NYSE NOA traded down $0.44 during trading hours on Friday, reaching $12.46. The stock had a trading volume of 88,721 shares, compared to its average volume of 83,390. The stock has a fifty day moving average of $16.24 and a 200 day moving average of $16.55. The stock has a market cap of $376.13 million, a P/E ratio of 14.37 and a beta of 1.26. North American Construction Group Ltd. has a 52-week low of $12.39 and a 52-week high of $22.08. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.74 and a current ratio of 0.92.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last released its quarterly earnings data on Wednesday, August 13th. The oil and gas company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.42). North American Construction Group had a return on equity of 17.66% and a net margin of 2.82%. The company had revenue of $235.51 million during the quarter, compared to analysts' expectations of $231.51 million. Sell-side analysts predict that North American Construction Group Ltd. will post 2.56 earnings per share for the current year.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, August 29th will be paid a dividend of $0.0872 per share. This represents a $0.35 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from North American Construction Group's previous quarterly dividend of $0.09. North American Construction Group's dividend payout ratio is currently 34.65%.

Analysts Set New Price Targets

NOA has been the topic of a number of research analyst reports. TD Securities lowered North American Construction Group from a "buy" rating to a "hold" rating in a research note on Thursday. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Canaccord Genuity Group lowered North American Construction Group from a "buy" rating to a "hold" rating in a research report on Friday, July 11th. Atb Cap Markets lowered North American Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Finally, Raymond James Financial lowered North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

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.