North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA 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 trading hands.
Analyst Ratings Changes
Several brokerages recently issued reports on NOA. 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. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st.
Check Out Our Latest Research Report on North American Construction Group
North American Construction Group Trading Down 1.8%
The company has a market cap of $519.00 million, a price-to-earnings ratio of 17.46 and a beta of 1.28. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.92 and a quick ratio of 0.74. The business's 50-day simple moving average is $16.50 and its 200-day simple moving average is $17.95.
North American Construction Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 4th will be given a dividend of $0.086 per share. This is an increase from North American Construction Group's previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, June 4th. North American Construction Group's payout ratio is currently 34.65%.
Institutional Investors Weigh In On North American Construction Group
A number of institutional investors and hedge funds have recently bought and sold shares of NOA. Tranquility Partners LLC increased its position in 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 worth $246,000 after buying an additional 658 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of North American Construction Group by 2.3% during the fourth quarter. Hsbc Holdings PLC now owns 39,965 shares of the oil and gas company's stock valued at $862,000 after acquiring an additional 898 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in North American Construction Group by 4.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,850 shares of the oil and gas company's stock worth $451,000 after purchasing an additional 974 shares in the last quarter. Pacific Global Investment Management Co. raised its stake in North American Construction Group by 1.5% in the 1st quarter. Pacific Global Investment Management Co. now owns 69,269 shares of the oil and gas company's stock valued at $1,094,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in North American Construction Group by 2.0% in 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 purchasing an additional 1,085 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company's stock.
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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