North American Construction Group (NYSE:NOA) Reaches New 12-Month Low - Time to Sell?

Key Points

• North American Construction Group's stock reached a new 12-month low at $12.39, closing at $12.90, down from $16.77.
• Multiple brokerages have adjusted their ratings on NOA, with Raymond James downgrading to a "moderate buy" and other firms shifting to "hold" ratings.
• The company recently increased its quarterly dividend to $0.0872 per share, raising its annualized yield to 2.7% from the previous $0.09.

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA shares hit a new 52-week low on Friday . The stock traded as low as $12.39 and last traded at $12.90, with a volume of 997059 shares changing hands. The stock had previously closed at $16.77.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NOA. Raymond James Financial lowered North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, April 22nd. Wall Street Zen raised North American Construction Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Canaccord Genuity Group lowered North American Construction Group from a "buy" rating to a "hold" rating in a report on Friday, July 11th. Finally, TD Securities lowered North American Construction Group from a "buy" rating to a "hold" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

North American Construction Group Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.92 and a debt-to-equity ratio of 1.44. The company has a market cap of $389.26 million, a P/E ratio of 14.83 and a beta of 1.26. The business has a fifty day moving average of $16.24 and a 200 day moving average of $16.55.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last released its earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.42). North American Construction Group had a return on equity of 17.66% and a net margin of 2.82%. The company had revenue of $235.51 million during the quarter, compared to analysts' expectations of $231.51 million. On average, equities analysts predict that North American Construction Group Ltd. will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, August 29th will be given a dividend of $0.0872 per share. This represents a $0.35 annualized dividend and a dividend yield of 2.7%. This is a boost from North American Construction Group's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, August 29th. North American Construction Group's payout ratio is 34.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of North American Construction Group during the 2nd quarter valued at about $122,000. Public Employees Retirement System of Ohio lifted its position in shares of North American Construction Group by 16.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company's stock valued at $165,000 after buying an additional 1,474 shares in the last quarter. Russell Investments Group Ltd. lifted its position 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. Quadrature Capital Ltd purchased a new position in shares of North American Construction Group during the 2nd quarter valued at about $182,000. Finally, Tranquility Partners LLC lifted its position in shares of North American Construction Group by 4.4% during the 1st 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 in the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

North American Construction Group Company 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.

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