K.J. Harrison & Partners Inc Has $3.94 Million Stock Position in North American Construction Group Ltd. (NYSE:NOA)

K.J. Harrison & Partners Inc lifted its stake in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 20.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 249,742 shares of the oil and gas company's stock after acquiring an additional 42,842 shares during the quarter. K.J. Harrison & Partners Inc owned approximately 0.81% of North American Construction Group worth $3,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of 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 worth $171,000 after acquiring an additional 5,884 shares during the period. Tranquility Partners LLC boosted 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 acquiring an additional 658 shares in the last quarter. Proficio Capital Partners LLC bought a new position in North American Construction Group in the fourth quarter valued at about $269,000. D. E. Shaw & Co. Inc. bought a new stake in shares of North American Construction Group during the fourth quarter worth about $295,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in North American Construction Group by 122.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company's stock valued at $314,000 after buying an additional 8,029 shares during the last quarter. Institutional investors own 74.99% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports 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 Financial lowered North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd.

North American Construction Group Trading Up 3.0%

North American Construction Group stock traded up $0.48 during mid-day trading on Wednesday, hitting $16.54. 34,965 shares of the stock were exchanged, compared to its average volume of 77,198. The firm's fifty day simple moving average is $16.75 and its two-hundred day simple moving average is $17.69. The company has a quick ratio of 0.74, a current ratio of 0.92 and a debt-to-equity ratio of 1.44. 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 capitalization of $486.77 million, a price-to-earnings ratio of 16.38 and a beta of 1.24.

North American Construction Group Increases Dividend

The business also recently declared 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 is an increase from North American Construction Group's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, June 4th. North American Construction Group's payout ratio is 34.65%.

North American Construction Group Company 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.