North American Construction Group Ltd. (NYSE:NOA) Receives Average Rating of “Hold” from Brokerages

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have received an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $24.50.

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. ATB Cormark Capital Markets upgraded shares of North American Construction Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 13th. Loop Capital set a $24.00 price target on shares of North American Construction Group in a research note on Friday, December 19th. Wall Street Zen cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Canaccord Genuity Group upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Friday, March 13th.

North American Construction Group Price Performance

Shares of NOA opened at $13.58 on Friday. The firm has a market capitalization of $387.30 million, a price-to-earnings ratio of 16.98 and a beta of 1.20. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.70 and a current ratio of 0.88. North American Construction Group has a one year low of $12.07 and a one year high of $18.24. The stock’s fifty day moving average is $15.21 and its 200-day moving average is $14.65.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, March 26th. North American Construction Group’s dividend payout ratio (DPR) is presently 43.75%.

Institutional Trading of North American Construction Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Aegis Financial Corp acquired a new stake in shares of North American Construction Group in the third quarter valued at $11,965,000. Bastion Asset Management Inc. bought a new stake in North American Construction Group in the fourth quarter worth about $8,475,000. Bank of Montreal Can raised its position in North American Construction Group by 20.5% in the third quarter. Bank of Montreal Can now owns 2,704,392 shares of the oil and gas company’s stock worth $38,409,000 after acquiring an additional 459,755 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in North American Construction Group by 50.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,179,482 shares of the oil and gas company’s stock valued at $16,763,000 after acquiring an additional 393,679 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in North American Construction Group in the 4th quarter valued at about $4,877,000. Institutional investors own 74.99% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.