North American Construction Group Ltd. (NYSE:NOA) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on North American Construction Group, with five hold, two buy and one sell recommendation. The average 12-month price target is $25.75.
• NOA shares opened at $14.34, with a market capitalization of about $399.8 million and a 52-week range of $12.07 to $17.26.
• The company declared a quarterly dividend of $0.12, equivalent to $0.48 annually and a 3.3% yield; institutional investors own approximately 75% of its shares.

Shares of North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA have been given a consensus rating of "Hold" by the eight analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $25.75.

A number of analysts recently commented on the stock. ATB Cormark Capital Markets downgraded shares of North American Construction Group from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of North American Construction Group in a research note on Thursday, July 9th. BMO Capital Markets restated a "market perform" rating on shares of North American Construction Group in a report on Thursday, May 14th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of North American Construction Group in a research report on Tuesday, June 9th. Finally, Roth Capital reaffirmed a "buy" rating and set a $27.50 target price on shares of North American Construction Group in a report on Friday, May 15th.

North American Construction Group Stock Up 6.1%

Shares of NOA stock opened at $14.34 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.90 and a current ratio of 1.11. The stock has a market cap of $399.76 million, a PE ratio of 18.15 and a beta of 1.06. The business's fifty day moving average is $13.56 and its 200-day moving average is $14.44. North American Construction Group has a 1 year low of $12.07 and a 1 year high of $17.26.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Wednesday, June 3rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, June 3rd. North American Construction Group's dividend payout ratio is 43.04%.

Institutional Trading of North American Construction Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in North American Construction Group in the 2nd quarter valued at approximately $122,000. Highlander Partners L.P. acquired a new position in North American Construction Group in the 4th quarter worth about $132,000. Qube Research & Technologies Ltd purchased a new stake in shares of North American Construction Group during the 3rd quarter worth about $153,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of North American Construction Group during the 4th quarter valued at about $165,000. Finally, Lazard Asset Management LLC grew its stake in shares of North American Construction Group by 1,424.1% in the 3rd quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company's stock valued at $177,000 after buying an additional 11,635 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company's stock.

About North American Construction Group

North American Construction Group Ltd NYSE: NOA is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.

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