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

Key Points

• North American Construction Group Ltd. (NYSE:NOA) has received a consensus rating of "Reduce" from analysts, with one sell recommendation and five hold ratings.
• The company's recent quarterly earnings showed an EPS of $0.24, which was below the consensus estimate of $0.66, although revenue slightly surpassed expectations at $235.51 million.
• North American Construction Group announced an increase in its quarterly dividend to $0.0872 per share, representing a 2.6% annualized yield, with the ex-dividend date set for August 29th.

Shares of North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA have been assigned a consensus rating of "Reduce" from the six brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company.

NOA has been the subject of several recent analyst reports. TD Securities lowered shares of North American Construction Group from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. CIBC lowered shares of North American Construction Group to a "neutral" rating in a research note on Friday, August 15th. 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. Cibc World Mkts lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Canaccord Genuity Group lowered shares of North American Construction Group from a "buy" rating to a "hold" rating in a research note on Friday, July 11th.

North American Construction Group Trading Down 0.6%

NOA stock opened at $13.39 on Monday. The firm has a fifty day moving average price of $14.89 and a 200 day moving average price of $15.87. North American Construction Group has a fifty-two week low of $12.12 and a fifty-two week high of $22.08. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.75 and a current ratio of 0.94. The firm has a market cap of $403.99 million, a PE ratio of 15.39 and a beta of 1.23.

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

North American Construction Group Increases Dividend

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

Institutional Trading of North American Construction Group

A number of large investors have recently made changes to their positions in the stock. Tranquility Partners LLC boosted its stake in shares of North American Construction Group by 4.4% during the first quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock valued at $246,000 after purchasing an additional 658 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of North American Construction Group by 4.9% during the fourth 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 valued at $451,000 after purchasing an additional 974 shares during the period. Pacific Global Investment Management Co. boosted its stake in shares of North American Construction Group by 1.5% during the first quarter. Pacific Global Investment Management Co. now owns 69,269 shares of the oil and gas company's stock valued at $1,094,000 after purchasing an additional 1,046 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of North American Construction Group by 3.8% during the first quarter. OneDigital Investment Advisors LLC now owns 40,307 shares of the oil and gas company's stock valued at $636,000 after purchasing an additional 1,463 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of North American Construction Group by 16.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company's stock valued at $165,000 after purchasing an additional 1,474 shares during the period. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.

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