North American Construction Group Ltd. (NYSE:NOA) is Claret Asset Management Corp's Largest Position

Claret Asset Management Corp raised its holdings in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,040,138 shares of the oil and gas company's stock after buying an additional 33,881 shares during the quarter. North American Construction Group comprises about 6.9% of Claret Asset Management Corp's portfolio, making the stock its biggest holding. Claret Asset Management Corp owned approximately 7.34% of North American Construction Group worth $43,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hillsdale Investment Management Inc. purchased a new stake in shares of North American Construction Group in the fourth quarter valued at about $8,134,000. National Bank of Canada FI lifted its position in North American Construction Group by 13.3% in the fourth quarter. National Bank of Canada FI now owns 1,333,800 shares of the oil and gas company's stock valued at $28,776,000 after buying an additional 156,691 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in North American Construction Group by 562.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 150,707 shares of the oil and gas company's stock worth $3,245,000 after buying an additional 127,971 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of North American Construction Group by 31.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock valued at $9,194,000 after acquiring an additional 101,400 shares during the last quarter. Finally, Alberta Investment Management Corp raised its stake 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 acquiring an additional 71,454 shares during the period. 74.99% of the stock is owned by hedge funds and other institutional investors.

North American Construction Group Stock Down 1.6 %

NOA traded down $0.24 during trading hours on Thursday, hitting $15.15. 38,912 shares of the company's stock were exchanged, compared to its average volume of 82,605. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. North American Construction Group Ltd. has a 12-month low of $13.19 and a 12-month high of $22.16. The firm has a market cap of $465.17 million, a P/E ratio of 10.53 and a beta of 1.16. The firm has a 50 day moving average of $16.21 and a 200 day moving average of $18.57.

North American Construction Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Thursday, March 13th were issued a $0.084 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a yield of 2.22%. North American Construction Group's dividend payout ratio (DPR) is presently 28.70%.

Analyst Ratings Changes

Separately, Raymond James downgraded shares of North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday.

About North American Construction Group

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.