Mackenzie Financial Corp Lowers Position in North American Construction Group Ltd. (NYSE:NOA)

Mackenzie Financial Corp trimmed its position in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 865,523 shares of the oil and gas company's stock after selling 34,891 shares during the period. Mackenzie Financial Corp owned approximately 3.12% of North American Construction Group worth $18,634,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of 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 worth $171,000 after acquiring an additional 5,884 shares in the last quarter. Stephens Inc. AR purchased a new position in North American Construction Group in the fourth quarter valued at $204,000. Proficio Capital Partners LLC purchased a new stake in North American Construction Group during the 4th quarter worth about $269,000. D. E. Shaw & Co. Inc. acquired a new stake in North American Construction Group in the 4th quarter valued at about $295,000. Finally, Northwest & Ethical Investments L.P. boosted its stake in shares of 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 period. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Stock Performance

NYSE NOA traded up $0.09 during trading hours on Thursday, hitting $17.41. The company had a trading volume of 39,544 shares, compared to its average volume of 70,604. The business has a 50 day moving average of $15.72 and a 200-day moving average of $18.19. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. North American Construction Group Ltd. has a 1-year low of $13.19 and a 1-year high of $22.08. The company has a market cap of $532.69 million, a PE ratio of 12.09 and a beta of 1.32.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, June 4th will be issued a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost 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 payout ratio is presently 32.67%.

Analyst Upgrades and Downgrades

NOA has been the topic of several analyst reports. Wall Street Zen raised shares of North American Construction Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Raymond James downgraded shares of North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research note 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.