Trexquant Investment LP Buys Shares of 31,524 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 North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tranquility Partners LLC increased its position in North American Construction Group by 4.4% during the 1st 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. acquired a new position in North American Construction Group during the 4th quarter worth approximately $295,000. Nuveen LLC acquired a new position in North American Construction Group during the 1st quarter worth approximately $395,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in North American Construction Group by 4.9% during the 4th 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 worth $451,000 after purchasing an additional 974 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in North American Construction Group by 23.6% during the 4th quarter. Lazard Asset Management LLC now owns 21,628 shares of the oil and gas company's stock worth $467,000 after purchasing an additional 4,126 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Stock Up 1.4%

Shares of North American Construction Group stock traded up $0.18 during trading hours on Friday, reaching $13.67. The company's stock had a trading volume of 114,534 shares, compared to its average volume of 149,889. North American Construction Group Ltd. has a one year low of $12.12 and a one year high of $22.08. The company has a market capitalization of $412.61 million, a P/E ratio of 15.72 and a beta of 1.23. The stock's fifty day simple moving average is $14.61 and its two-hundred day simple moving average is $15.73. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.75 and a current ratio of 0.94.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last released its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $235.51 million for the quarter, compared to the consensus estimate of $231.51 million. On average, research analysts forecast that North American Construction Group Ltd. will post 2.56 earnings per share 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. Investors of record on Friday, August 29th will be issued a dividend of $0.0872 per share. This represents a $0.35 dividend on an annualized basis and a yield of 2.6%. This is a boost from North American Construction Group's previous quarterly dividend of $0.09. The ex-dividend date is Friday, August 29th. North American Construction Group's dividend payout ratio is 39.08%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Securities cut shares of North American Construction Group from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. CIBC cut shares of North American Construction Group to a "neutral" rating in a research report on Friday, August 15th. Atb Cap Markets cut shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of North American Construction Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, 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. 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 MarketBeat.com, 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.