North American Construction Group Ltd. (NYSE:NOA) Shares Acquired by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd increased its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 619.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 418,570 shares of the oil and gas company's stock after buying an additional 360,370 shares during the quarter. North American Construction Group comprises approximately 2.4% of AYAL Capital Advisors Ltd's holdings, making the stock its 4th largest position. AYAL Capital Advisors Ltd owned approximately 1.51% of North American Construction Group worth $9,045,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NOA. Russell Investments Group Ltd. boosted its position in shares of North American Construction Group by 284.3% in 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 purchasing an additional 5,884 shares during the period. Stephens Inc. AR purchased a new position in shares of North American Construction Group in the fourth quarter worth approximately $204,000. Geode Capital Management LLC raised its holdings in shares of North American Construction Group by 14.9% during the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company's stock valued at $264,000 after acquiring an additional 1,838 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of North American Construction Group in the 4th quarter valued at approximately $269,000. Finally, Northwest & Ethical Investments L.P. boosted its stake in North American Construction Group by 122.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company's stock worth $314,000 after purchasing an additional 8,029 shares during the period. Institutional investors own 74.99% of the company's stock.

North American Construction Group Stock Up 2.1 %

Shares of NOA stock traded up $0.32 during trading on Tuesday, hitting $15.63. 92,327 shares of the company were exchanged, compared to its average volume of 69,122. The business's 50-day simple moving average is $15.71 and its 200 day simple moving average is $18.42. North American Construction Group Ltd. has a twelve month low of $13.19 and a twelve month high of $22.08. The firm has a market capitalization of $479.87 million, a price-to-earnings ratio of 10.85 and a beta of 1.32. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13.

North American Construction Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.084 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, March 13th. North American Construction Group's dividend payout ratio is currently 28.70%.

Wall Street Analyst Weigh In

Separately, Raymond James lowered North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, April 22nd.

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.