North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA was downgraded by Raymond James from a "strong-buy" rating to a "moderate buy" rating in a research note issued on Tuesday, MarketBeat Ratings reports. Raymond James also issued estimates for North American Construction Group's Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.72 EPS, FY2025 earnings at $2.62 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $1.07 EPS, Q4 2026 earnings at $0.85 EPS and FY2026 earnings at $2.97 EPS.
North American Construction Group Trading Down 0.4 %
Shares of NOA traded down $0.07 during trading hours on Tuesday, hitting $15.30. The company had a trading volume of 15,246 shares, compared to its average volume of 68,553. The firm has a market cap of $469.59 million, a P/E ratio of 10.62 and a beta of 1.16. North American Construction Group has a 52-week low of $13.19 and a 52-week high of $22.16. The stock's 50 day moving average price is $16.07 and its 200 day moving average price is $18.52. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85.
Hedge Funds Weigh In On North American Construction Group
Several hedge funds and other institutional investors have recently modified their holdings of NOA. Russell Investments Group Ltd. increased its holdings in 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 purchasing an additional 5,884 shares during the period. Stephens Inc. AR purchased a new position in shares of North American Construction Group during the fourth quarter valued at approximately $204,000. Tranquility Partners LLC increased its stake in shares of North American Construction Group by 4.4% during the first quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock valued at $246,000 after buying an additional 658 shares during the period. 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 in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in North American Construction Group in the fourth quarter worth $269,000. 74.99% of the stock is owned by institutional investors.
About North American Construction Group
(
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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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