Bank of Montreal Can Trims Holdings in North American Construction Group Ltd. (NYSE:NOA)

Bank of Montreal Can lowered its holdings in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,045,226 shares of the oil and gas company's stock after selling 109,121 shares during the quarter. Bank of Montreal Can owned approximately 7.36% of North American Construction Group worth $44,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake in shares of North American Construction Group by 284.3% during the 4th quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock valued at $171,000 after buying an additional 5,884 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of North American Construction Group by 2.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 55,263 shares of the oil and gas company's stock valued at $1,194,000 after buying an additional 1,085 shares in the last quarter. JB Capital Partners LP purchased a new position in shares of North American Construction Group in the 4th quarter worth approximately $432,000. National Bank of Canada FI raised its stake in shares of 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 acquiring an additional 156,691 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in North American Construction Group by 562.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 150,707 shares of the oil and gas company's stock worth $3,245,000 after purchasing an additional 127,971 shares during the period. Institutional investors own 74.99% of the company's stock.

North American Construction Group Trading Up 2.8 %

Shares of NYSE:NOA traded up $0.40 during trading on Tuesday, reaching $14.80. 9,692 shares of the company were exchanged, compared to its average volume of 82,752. The business's fifty day simple moving average is $16.72 and its 200-day simple moving average is $18.74. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. 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 capitalization of $454.39 million, a PE ratio of 10.28 and a beta of 1.16.

North American Construction Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.084 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.34 annualized dividend and a dividend yield of 2.27%. North American Construction Group's dividend payout ratio is currently 28.70%.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy".

North American Construction Group 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.