Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Hits New 52-Week High - Here's Why

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $103.32 and last traded at $101.55, with a volume of 4490 shares changing hands. The stock had previously closed at $101.44.

Analysts Set New Price Targets

A number of research firms recently issued reports on OMAB. Jefferies Financial Group upped their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. The Goldman Sachs Group upped their price objective on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte has an average rating of "Hold" and a consensus target price of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

The company's fifty day moving average price is $90.24 and its 200 day moving average price is $80.22. The company has a market cap of $4.44 billion, a PE ratio of 18.40 and a beta of 0.89. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. The firm had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. On average, equities research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were issued a $2.1363 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's payout ratio is 39.03%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $116,000. abrdn plc lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 1.4% in the 4th quarter. abrdn plc now owns 170,233 shares of the transportation company's stock worth $11,723,000 after acquiring an additional 2,279 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock worth $48,000 after acquiring an additional 200 shares during the last quarter. Naples Global Advisors LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 2.3% in the 4th quarter. Naples Global Advisors LLC now owns 17,720 shares of the transportation company's stock worth $1,216,000 after acquiring an additional 400 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.4% in the 4th quarter. Rhumbline Advisers now owns 9,534 shares of the transportation company's stock worth $654,000 after acquiring an additional 317 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.