JPMorgan Chase & Co. Grows Stock Holdings in North American Construction Group Ltd. (NYSE:NOA)

JPMorgan Chase & Co. boosted its stake in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 7,381.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,024 shares of the oil and gas company's stock after acquiring an additional 20,743 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of North American Construction Group worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alberta Investment Management Corp lifted its holdings in shares of North American Construction Group by 7.2% in the 4th quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company's stock valued at $22,774,000 after buying an additional 71,454 shares during the period. Barclays PLC lifted its holdings in North American Construction Group by 48.1% in the third quarter. Barclays PLC now owns 20,867 shares of the oil and gas company's stock valued at $390,000 after acquiring an additional 6,774 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of North American Construction Group by 31.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock worth $9,194,000 after purchasing an additional 101,400 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of North American Construction Group during the 4th quarter worth $8,134,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of North American Construction Group in the 4th quarter valued at about $269,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

North American Construction Group Trading Up 2.1 %

NOA traded up $0.32 during trading on Friday, hitting $15.77. The company's stock had a trading volume of 69,553 shares, compared to its average volume of 69,140. The stock has a market cap of $484.29 million, a PE ratio of 10.95 and a beta of 1.16. The firm's 50 day moving average price is $15.76 and its 200-day moving average price is $18.43. North American Construction Group Ltd. has a twelve month low of $13.19 and a twelve month high of $22.08. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88.

North American Construction Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Thursday, March 13th were issued a $0.084 dividend. This represents a $0.34 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, March 13th. North American Construction Group's dividend payout ratio (DPR) is 28.70%.

Wall Street Analyst Weigh In

Separately, Raymond James downgraded North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd.

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.