K.J. Harrison & Partners Inc boosted its position in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 20.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm 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 about 0.81% of North American Construction Group worth $3,942,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. acquired a new position in shares of North American Construction Group in the 4th quarter valued at about $8,134,000. AYAL Capital Advisors Ltd boosted its stake in shares of North American Construction Group by 619.2% in 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 buying an additional 360,370 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of North American Construction Group by 13.3% in the fourth quarter. National Bank of Canada FI now owns 1,333,800 shares of the oil and gas company's stock worth $28,776,000 after buying an additional 156,691 shares during the last quarter. NewGen Asset Management Ltd purchased a new stake in shares of North American Construction Group in the first quarter worth about $2,368,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of North American Construction Group by 562.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 150,707 shares of the oil and gas company's stock worth $3,245,000 after buying an additional 127,971 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Raymond James Financial downgraded North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd.
View Our Latest Analysis on NOA
North American Construction Group Price Performance
NOA stock opened at $16.13 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.92 and a quick ratio of 0.74. The business has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $17.76. The firm has a market capitalization of $474.56 million, a PE ratio of 15.97 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 4th will be given a $0.086 dividend. This represents a $0.34 annualized dividend and a yield of 2.13%. This is a positive change from North American Construction Group's previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, June 4th. North American Construction Group's dividend payout ratio is presently 34.65%.
About North American Construction Group
(
Free Report)
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.
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