North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA has earned an average recommendation of "Reduce" from the six analysts 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.
A number of analysts have recently issued reports on NOA shares. 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. 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. 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. Atb Cap Markets lowered shares of North American Construction Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, CIBC lowered shares of North American Construction Group to a "neutral" rating in a research note on Friday, August 15th.
Read Our Latest Stock Analysis on North American Construction Group
North American Construction Group Trading Up 1.4%
Shares of North American Construction Group stock traded up $0.18 during trading on Monday, hitting $13.67. The stock had a trading volume of 114,534 shares, compared to its average volume of 149,889. The firm's fifty day simple moving average is $14.61 and its 200-day simple moving average is $15.73. The stock has a market cap of $412.61 million, a PE ratio of 15.72 and a beta of 1.23. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.75. North American Construction Group has a 12 month low of $12.12 and a 12 month high of $22.08.
North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last issued its earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.42). The company had revenue of $235.51 million for the quarter, compared to analysts' expectations of $231.51 million. North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. As a group, sell-side analysts expect that North American Construction Group will post 2.56 EPS for the current fiscal year.
North American Construction Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, August 29th will be paid a $0.0872 dividend. 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 of this dividend is Friday, August 29th. North American Construction Group's payout ratio is currently 39.08%.
Institutional Trading of North American Construction Group
Hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in North American Construction Group by 20.8% in the first quarter. American Century Companies Inc. now owns 304,698 shares of the oil and gas company's stock worth $4,804,000 after acquiring an additional 52,474 shares during the period. National Bank of Canada FI lifted its position in shares of North American Construction Group by 2.6% during the first quarter. National Bank of Canada FI now owns 1,368,520 shares of the oil and gas company's stock valued at $21,560,000 after buying an additional 34,720 shares during the last quarter. Polar Asset Management Partners Inc. lifted its position in shares of North American Construction Group by 70.3% during the first quarter. Polar Asset Management Partners Inc. now owns 1,740,985 shares of the oil and gas company's stock valued at $27,577,000 after buying an additional 718,884 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of North American Construction Group by 3.9% during the first quarter. Mackenzie Financial Corp now owns 899,609 shares of the oil and gas company's stock valued at $14,184,000 after buying an additional 34,086 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of North American Construction Group during the first quarter valued at about $395,000. 74.99% of the stock is owned by hedge funds and other institutional investors.
About North American Construction Group
(
Get Free Report)
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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