North American Construction Group (NYSE:NOA) Stock Passes Above 200 Day Moving Average - Here's What Happened

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA's share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.95 and traded as high as $18.04. North American Construction Group shares last traded at $17.64, with a volume of 46,589 shares.

Wall Street Analyst Weigh In

NOA has been the subject of a number of recent research reports. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Raymond James Financial cut North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, April 22nd.

North American Construction Group Trading Down 4.1%

The stock has a market cap of $495.16 million, a PE ratio of 16.66 and a beta of 1.28. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.74 and a current ratio of 0.92. The stock has a fifty day moving average price of $16.61 and a 200 day moving average price of $17.86.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.086 per share. This is a positive change from North American Construction Group's previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, June 4th. North American Construction Group's dividend payout ratio (DPR) is currently 34.65%.

Institutional Investors Weigh In On North American Construction Group

A number of institutional investors and hedge funds have recently modified their holdings of NOA. Proficio Capital Partners LLC bought a new stake in shares of North American Construction Group during the 4th quarter worth approximately $269,000. Pacific Global Investment Management Co. lifted its stake in shares of North American Construction Group by 5.3% during the 4th quarter. Pacific Global Investment Management Co. now owns 68,223 shares of the oil and gas company's stock worth $1,474,000 after acquiring an additional 3,404 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of North American Construction Group by 31.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock worth $9,194,000 after acquiring an additional 101,400 shares during the last quarter. Swiss National Bank lifted its stake in shares of North American Construction Group by 4.7% during the 4th quarter. Swiss National Bank now owns 49,500 shares of the oil and gas company's stock worth $1,066,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Intact Investment Management Inc. lifted its stake in shares of North American Construction Group by 5.6% during the 4th quarter. Intact Investment Management Inc. now owns 177,400 shares of the oil and gas company's stock worth $3,823,000 after acquiring an additional 9,400 shares during the last quarter. 74.99% of the stock is owned by 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.