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

Key Points

• Consensus "Hold": Analysts rate North American Construction Group a consensus "Hold" (1 sell, 4 hold, 3 buy) with an average 12‑month price target of $24.50.
• Heavy institutional ownership: Hedge funds and institutional investors own about 74.99% of the stock, with recent notable new stakes including Millennium Management (~$4.88M) and Quadrature Capital (~$1.71M) and Mackenzie Financial raising its position by 63%.
• Dividend yield: The company pays a quarterly dividend of $0.12 (annualized $0.48), implying a 3.4% yield and a payout ratio of 43.75%.

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA has earned an average rating of "Hold" from the eight ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.50.

Several analysts recently weighed in on NOA shares. Zacks Research downgraded shares of North American Construction Group from a "hold" rating to a "strong sell" rating in a report on Monday, February 2nd. Canaccord Genuity Group upgraded shares of North American Construction Group from a "hold" rating to a "buy" rating in a research note on Friday, March 13th. ATB Cormark Capital Markets upgraded shares of North American Construction Group from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 13th. BMO Capital Markets downgraded shares of North American Construction Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, March 12th. Finally, Wall Street Zen downgraded shares of North American Construction Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th.

Institutional Investors Weigh In On North American Construction Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new stake in North American Construction Group in the fourth quarter valued at $235,000. Mackenzie Financial Corp lifted its position in North American Construction Group by 63.0% in the fourth quarter. Mackenzie Financial Corp now owns 25,836 shares of the oil and gas company's stock valued at $368,000 after acquiring an additional 9,981 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in North American Construction Group by 1.3% in the fourth quarter. SkyView Investment Advisors LLC now owns 73,616 shares of the oil and gas company's stock valued at $1,058,000 after acquiring an additional 955 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in North American Construction Group in the fourth quarter valued at $1,705,000. Finally, Millennium Management LLC purchased a new stake in North American Construction Group in the fourth quarter valued at $4,877,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

North American Construction Group Trading Down 1.2%

NOA opened at $14.32 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.88 and a quick ratio of 0.70. The company's 50 day simple moving average is $14.74 and its two-hundred day simple moving average is $14.66. North American Construction Group has a 1-year low of $12.07 and a 1-year high of $18.24. The firm has a market capitalization of $406.89 million, a price-to-earnings ratio of 17.90 and a beta of 1.20.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, March 26th. North American Construction Group's payout ratio is 43.75%.

North American Construction Group Company Profile

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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