187,600 Shares in North American Construction Group Ltd. (NYSE:NOA) Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new position in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 187,600 shares of the oil and gas company's stock, valued at approximately $3,915,000. Intact Investment Management Inc. owned about 0.70% of North American Construction Group at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Shell Asset Management Co. boosted its holdings in North American Construction Group by 142.3% during the third quarter. Shell Asset Management Co. now owns 1,929 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 1,133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in North American Construction Group by 34.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company's stock worth $133,000 after purchasing an additional 1,615 shares during the last quarter. New York State Common Retirement Fund lifted its stake in North American Construction Group by 80.1% in the third quarter. New York State Common Retirement Fund now owns 8,947 shares of the oil and gas company's stock valued at $194,000 after acquiring an additional 3,980 shares during the last quarter. Tacita Capital Inc acquired a new stake in North American Construction Group in the third quarter valued at $484,000. Finally, TD Asset Management Inc acquired a new stake in North American Construction Group in the third quarter valued at $499,000. Institutional investors and hedge funds own 74.99% of the company's stock.

Analyst Ratings Changes

NOA has been the subject of a number of recent analyst reports. TD Cowen upgraded shares of North American Construction Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 18th. StockNews.com raised shares of North American Construction Group from a "hold" rating to a "buy" rating in a research report on Monday, March 11th.

North American Construction Group Stock Performance

NYSE:NOA traded up $0.28 during mid-day trading on Friday, reaching $22.07. 36,264 shares of the company's stock were exchanged, compared to its average volume of 65,165. North American Construction Group Ltd. has a one year low of $18.02 and a one year high of $26.30. The firm has a market capitalization of $590.15 million, a PE ratio of 14.15 and a beta of 1.53. The business's fifty day simple moving average is $23.14 and its two-hundred day simple moving average is $21.91. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.71 and a current ratio of 0.91.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last released its quarterly earnings results on Wednesday, March 13th. The oil and gas company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. North American Construction Group had a net margin of 6.60% and a return on equity of 22.18%. The business had revenue of $239.70 million for the quarter, compared to analyst estimates of $229.31 million. Analysts anticipate that North American Construction Group Ltd. will post 2.84 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 8th were given a dividend of $0.074 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.34%. This is a positive change from North American Construction Group's previous quarterly dividend of $0.07. The ex-dividend date was Thursday, March 7th. North American Construction Group's dividend payout ratio (DPR) is currently 18.59%.

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.