North American Construction Group (NYSE:NOA) Trading Up 2.6%

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA's stock price traded up 2.6% on Tuesday . The company traded as high as $23.11 and last traded at $23.11. 9,849 shares changed hands during trading, a decline of 85% from the average session volume of 64,812 shares. The stock had previously closed at $22.53.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded North American Construction Group from a "hold" rating to a "buy" rating in a research report on Monday, March 11th.

North American Construction Group Trading Up 2.3 %

The business has a 50-day moving average price of $23.74 and a two-hundred day moving average price of $21.98. The stock has a market capitalization of $616.09 million, a P/E ratio of 14.78 and a beta of 1.53. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 8th will be paid a $0.074 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from North American Construction Group's previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 1.28%. North American Construction Group's dividend payout ratio (DPR) is 18.59%.

Institutional Trading of North American Construction Group

Several large investors have recently bought and sold shares of NOA. Renaissance Technologies LLC boosted its stake in North American Construction Group by 59.5% in the first quarter. Renaissance Technologies LLC now owns 771,400 shares of the oil and gas company's stock valued at $11,156,000 after buying an additional 287,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in North American Construction Group by 101.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,500 shares of the oil and gas company's stock valued at $11,819,000 after purchasing an additional 274,600 shares during the last quarter. Quadrature Capital Ltd raised its position in North American Construction Group by 325.9% in the third quarter. Quadrature Capital Ltd now owns 299,400 shares of the oil and gas company's stock valued at $6,551,000 after purchasing an additional 229,100 shares during the last quarter. NewGen Asset Management Ltd bought a new position in North American Construction Group in the fourth quarter valued at about $4,170,000. Finally, Intact Investment Management Inc. bought a new position in North American Construction Group in the fourth quarter valued at about $3,915,000. 74.99% of the stock is owned by institutional investors and hedge funds.

About North American Construction Group

North American Construction Group Ltd. provides equipment maintenance, mining, and heavy construction services in Canada, the United States, and Australia. Its Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.