Fiera Capital Corp trimmed its holdings in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 475,065 shares of the oil and gas company's stock after selling 51,625 shares during the quarter. Fiera Capital Corp owned about 1.78% of North American Construction Group worth $9,946,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of NOA. NewGen Asset Management Ltd acquired a new position in shares of North American Construction Group during the 4th quarter valued at about $4,170,000. Intact Investment Management Inc. acquired a new position in North American Construction Group during the fourth quarter valued at approximately $3,915,000. Acadian Asset Management LLC raised its position in shares of North American Construction Group by 24.3% in the third quarter. Acadian Asset Management LLC now owns 391,650 shares of the oil and gas company's stock valued at $8,479,000 after purchasing an additional 76,522 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of North American Construction Group by 48.7% in the third quarter. Janney Montgomery Scott LLC now owns 71,277 shares of the oil and gas company's stock worth $1,548,000 after buying an additional 23,334 shares during the last quarter. Finally, TD Asset Management Inc bought a new stake in shares of North American Construction Group during the 3rd quarter worth $499,000. 74.99% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently commented on NOA shares. TD Cowen upgraded shares of North American Construction Group from a "hold" rating to a "buy" rating in a report on Thursday, April 18th. StockNews.com raised North American Construction Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 11th.
Check Out Our Latest Report on North American Construction Group
North American Construction Group Stock Performance
NYSE:NOA traded down $0.27 during trading hours on Friday, hitting $19.96. 52,058 shares of the company traded hands, compared to its average volume of 64,032. The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 1.79. North American Construction Group Ltd. has a twelve month low of $18.02 and a twelve month high of $26.30. The firm has a 50-day moving average of $21.90 and a 200 day moving average of $21.84. The stock has a market capitalization of $533.73 million, a price-to-earnings ratio of 15.12 and a beta of 1.52.
North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). North American Construction Group had a return on equity of 19.48% and a net margin of 5.21%. The company had revenue of $220.33 million for the quarter, compared to the consensus estimate of $217.28 million. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, analysts forecast that North American Construction Group Ltd. will post 2.99 EPS for the current year.
North American Construction Group Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.0726 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, May 31st. North American Construction Group's payout ratio is presently 21.97%.
About North American Construction Group
(
Free Report)
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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