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

Several other large investors have also recently modified their holdings of NOA. Tranquility Partners LLC increased its stake in shares of North American Construction Group by 4.4% in the first quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock worth $246,000 after purchasing an additional 658 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of North American Construction Group in the fourth quarter valued at approximately $295,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 during the period. Lazard Asset Management LLC boosted its position in shares of North American Construction Group by 23.6% in the fourth quarter. Lazard Asset Management LLC now owns 21,628 shares of the oil and gas company's stock valued at $467,000 after acquiring an additional 4,126 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in shares of North American Construction Group by 3.8% in the first quarter. OneDigital Investment Advisors LLC now owns 40,307 shares of the oil and gas company's stock valued at $636,000 after acquiring an additional 1,463 shares during the period. Hedge funds and other institutional investors own 74.99% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NOA. Canaccord Genuity Group lowered shares of North American Construction Group from a "buy" rating to a "hold" rating in a research report on Friday, July 11th. CIBC lowered shares of North American Construction Group to a "neutral" rating in a research report on Friday, August 15th. Atb Cap Markets lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Zacks Research lowered shares of North American Construction Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 26th. Finally, Cibc World Mkts lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, North American Construction Group has an average rating of "Reduce".

North American Construction Group Price Performance

North American Construction Group stock traded down $0.08 during mid-day trading on Friday, hitting $13.39. 111,055 shares of the company traded hands, compared to its average volume of 190,048. North American Construction Group Ltd. has a one year low of $12.12 and a one year high of $22.08. The stock has a market cap of $403.95 million, a price-to-earnings ratio of 15.39 and a beta of 1.23. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.75 and a current ratio of 0.94. The stock has a fifty day moving average price of $14.89 and a 200-day moving average price of $15.89.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last announced its earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $231.51 million. On average, equities analysts predict that North American Construction Group Ltd. will post 2.56 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, August 29th will be given a dividend of $0.0872 per share. The ex-dividend date is Friday, August 29th. This is a boost from North American Construction Group's previous quarterly dividend of $0.09. This represents a $0.35 annualized dividend and a yield of 2.6%. North American Construction Group's dividend payout ratio (DPR) is presently 39.08%.

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.