Mackenzie Financial Corp Trims Stake in North American Construction Group Ltd. (NYSE:NOA)

Mackenzie Financial Corp lessened its stake in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 865,523 shares of the oil and gas company's stock after selling 34,891 shares during the quarter. Mackenzie Financial Corp owned about 3.12% of North American Construction Group worth $18,634,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NOA. Hsbc Holdings PLC increased its stake in North American Construction Group by 2.3% in the 4th quarter. Hsbc Holdings PLC now owns 39,965 shares of the oil and gas company's stock valued at $862,000 after buying an additional 898 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of North American Construction Group by 4.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,850 shares of the oil and gas company's stock valued at $451,000 after acquiring an additional 974 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of North American Construction Group by 2.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 55,263 shares of the oil and gas company's stock worth $1,194,000 after acquiring an additional 1,085 shares during the period. Tranquility Partners LLC raised its holdings in North American Construction Group by 11.5% during the fourth quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company's stock worth $323,000 after purchasing an additional 1,538 shares in the last quarter. Finally, Swiss National Bank raised its holdings in North American Construction Group by 4.7% during the fourth quarter. Swiss National Bank now owns 49,500 shares of the oil and gas company's stock worth $1,066,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company's stock.

Wall Street Analyst Weigh In

NOA has been the topic of several recent analyst reports. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. 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.

North American Construction Group Price Performance

Shares of NYSE NOA traded down $0.22 during midday trading on Friday, hitting $17.17. The company had a trading volume of 47,174 shares, compared to its average volume of 70,442. The firm has a market capitalization of $525.35 million, a price-to-earnings ratio of 11.92 and a beta of 1.32. North American Construction Group Ltd. has a twelve month low of $13.19 and a twelve month high of $22.08. The business has a 50-day simple moving average of $15.76 and a two-hundred day simple moving average of $18.14. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85.

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. The ex-dividend date is Wednesday, June 4th. This is a positive change from North American Construction Group's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 2.00%. North American Construction Group's payout ratio is currently 32.67%.

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.