Two Sigma Investments LP Purchases 97,493 Shares of North American Construction Group Ltd. (NYSE:NOA)

Two Sigma Investments LP lifted its holdings in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 99.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,639 shares of the oil and gas company's stock after buying an additional 97,493 shares during the period. Two Sigma Investments LP owned approximately 0.70% of North American Construction Group worth $4,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NOA. Russell Investments Group Ltd. lifted its stake in North American Construction Group by 284.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock valued at $171,000 after purchasing an additional 5,884 shares during the last quarter. Stephens Inc. AR purchased a new position in North American Construction Group in the fourth quarter valued at approximately $204,000. Proficio Capital Partners LLC purchased a new position in North American Construction Group in the fourth quarter valued at approximately $269,000. D. E. Shaw & Co. Inc. purchased a new position in North American Construction Group in the fourth quarter valued at approximately $295,000. Finally, Northwest & Ethical Investments L.P. lifted its stake 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 last quarter. Hedge funds and other institutional investors own 74.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on NOA shares. Raymond James downgraded North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st.

North American Construction Group Stock Performance

Shares of NYSE:NOA traded up $0.02 during trading on Monday, hitting $17.16. 31,876 shares of the company were exchanged, compared to its average volume of 70,285. The company has a market cap of $525.04 million, a PE ratio of 11.92 and a beta of 1.32. The stock has a 50 day moving average of $15.77 and a 200 day moving average of $18.11. North American Construction Group Ltd. has a 52-week low of $13.19 and a 52-week high of $22.08. 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 business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.086 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.34 annualized dividend and a dividend yield of 2.00%. This is an increase from North American Construction Group's previous quarterly dividend of $0.08. North American Construction Group's dividend payout ratio is currently 32.67%.

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.