Nuveen LLC Takes $395,000 Position in North American Construction Group Ltd. $NOA

Key Points

• Nuveen LLC has invested approximately $395,000 in North American Construction Group Ltd. by acquiring 25,050 shares, now holding 0.08% of the company.
• Several hedge funds have recently increased their stakes in North American Construction Group, with notable increases including 20.7% by K.J. Harrison & Partners Inc.
• The company recently declared a quarterly dividend of $0.0872, reflecting a slight decrease from its previous dividend of $0.09, with a current annualized yield of 2.6%.

Nuveen LLC acquired a new position in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,050 shares of the oil and gas company's stock, valued at approximately $395,000. Nuveen LLC owned about 0.08% of North American Construction Group at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NewGen Asset Management Ltd acquired a new stake in North American Construction Group during the 1st quarter worth $2,368,000. Two Sigma Investments LP increased its holdings in shares of North American Construction Group by 99.3% in the fourth quarter. Two Sigma Investments LP now owns 195,639 shares of the oil and gas company's stock worth $4,228,000 after acquiring an additional 97,493 shares in the last quarter. Bank of America Corp DE raised its position in shares of North American Construction Group by 12.8% during the fourth quarter. Bank of America Corp DE now owns 434,014 shares of the oil and gas company's stock worth $9,379,000 after purchasing an additional 49,104 shares during the period. K.J. Harrison & Partners Inc lifted its holdings in shares of North American Construction Group by 20.7% during the 1st quarter. K.J. Harrison & Partners Inc now owns 249,742 shares of the oil and gas company's stock valued at $3,942,000 after purchasing an additional 42,842 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of North American Construction Group by 2.6% during the 1st quarter. National Bank of Canada FI now owns 1,368,520 shares of the oil and gas company's stock valued at $21,560,000 after purchasing an additional 34,720 shares in the last quarter. Institutional investors own 74.99% of the company's stock.

North American Construction Group Stock Up 2.6%

NOA stock traded up $0.35 during midday trading on Wednesday, hitting $13.71. The company's stock had a trading volume of 82,915 shares, compared to its average volume of 198,452. The company's fifty day moving average price is $14.73 and its 200 day moving average price is $15.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.75. North American Construction Group Ltd. has a twelve month low of $12.12 and a twelve month high of $22.08. The stock has a market capitalization of $413.71 million, a P/E ratio of 15.76 and a beta of 1.23.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last announced its quarterly earnings data on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.42). North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. The company had revenue of $235.51 million during the quarter, compared to the consensus estimate of $231.51 million. As a group, equities research analysts predict that North American Construction Group Ltd. will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, August 29th will be paid a dividend of $0.0872 per share. The ex-dividend date is Friday, August 29th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from North American Construction Group's previous quarterly dividend of $0.09. North American Construction Group's dividend payout ratio (DPR) is currently 40.23%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NOA shares. Canaccord Genuity Group cut North American Construction Group from a "buy" rating to a "hold" rating in a research note on Friday, July 11th. Cibc World Mkts cut shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Wall Street Zen upgraded shares of North American Construction Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Zacks Research lowered shares of North American Construction Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. Finally, CIBC downgraded North American Construction Group to a "neutral" rating in a research note on Friday, August 15th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, North American Construction Group presently has an average rating of "Reduce".

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.