Trexquant Investment LP Takes Position in North American Construction Group Ltd. $NOA

Key Points

• Trexquant Investment LP has acquired 31,524 shares of North American Construction Group Ltd. (NYSE:NOA) for approximately $498,000, representing a 0.10% stake in the company.
• North American Construction Group recently increased its quarterly dividend to $0.0872, paying out an annualized dividend of $0.35 with a yield of 2.6%.
• The company's quarterly earnings report revealed an EPS of $0.24, significantly below analysts' estimates of $0.66, while revenue of $235.51 million exceeded expectations.

Trexquant Investment LP bought a new stake in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA during the 1st quarter, according to its most recent filing with the SEC. The fund bought 31,524 shares of the oil and gas company's stock, valued at approximately $498,000. Trexquant Investment LP owned approximately 0.10% of North American Construction Group as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOA. NewGen Asset Management Ltd acquired a new position in North American Construction Group in the first quarter valued at about $2,368,000. Two Sigma Investments LP increased its stake in 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 valued at $4,228,000 after purchasing an additional 97,493 shares in the last quarter. American Century Companies Inc. increased its stake in North American Construction Group by 20.8% in the first quarter. American Century Companies Inc. now owns 304,698 shares of the oil and gas company's stock valued at $4,804,000 after purchasing an additional 52,474 shares in the last quarter. Bank of America Corp DE increased 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 acquiring an additional 49,104 shares in the last quarter. Finally, K.J. Harrison & Partners Inc increased its position in shares of North American Construction Group by 20.7% during the first quarter. K.J. Harrison & Partners Inc now owns 249,742 shares of the oil and gas company's stock worth $3,942,000 after acquiring an additional 42,842 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Stock Performance

Shares of NOA stock opened at $13.46 on Tuesday. The firm has a market capitalization of $406.28 million, a PE ratio of 15.47 and a beta of 1.23. The firm has a fifty day simple moving average of $14.84 and a two-hundred day simple moving average of $15.84. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.57. North American Construction Group Ltd. has a 12 month low of $12.12 and a 12 month high of $22.08.

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

North American Construction Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, August 29th will be issued a $0.0872 dividend. This is an increase from North American Construction Group's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.6%. North American Construction Group's payout ratio is presently 40.23%.

Analyst Upgrades and Downgrades

NOA has been the subject of several recent research reports. CIBC cut shares of North American Construction Group to a "neutral" rating in a report on Friday, August 15th. Wall Street Zen raised shares of North American Construction Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. 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. Atb Cap Markets lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, TD Securities lowered shares of North American Construction Group from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce".

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.

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