North American Construction Group Ltd. (NYSE:NOA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have earned an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $25.75.

Several brokerages have commented on NOA. Zacks Research downgraded shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a report on Thursday, August 13th. Wall Street Zen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a research report on Friday, September 4th.

North American Construction Group Price Performance

Shares of NOA opened at $12.14 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. North American Construction Group has a 1 year low of $11.90 and a 1 year high of $17.26. The stock has a market cap of $334.95 million, a P/E ratio of 15.36 and a beta of 1.12. The stock’s 50-day moving average price is $13.41 and its two-hundred day moving average price is $13.73.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $321.22 million during the quarter, compared to analysts’ expectations of $246.65 million. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. On average, equities analysts predict that North American Construction Group will post 0.9 earnings per share for the current year.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be paid a C$0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s payout ratio is presently 43.04%.

Institutional Investors Weigh In On North American Construction Group

A number of hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc grew its position in shares of North American Construction Group by 22.3% in the 4th quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock valued at $20,812,000 after purchasing an additional 262,673 shares during the period. Aegis Financial Corp raised its holdings in North American Construction Group by 23.3% during the 4th quarter. Aegis Financial Corp now owns 1,038,177 shares of the oil and gas company’s stock worth $14,967,000 after buying an additional 196,243 shares during the period. Cannell Capital LLC acquired a new stake in North American Construction Group during the 2nd quarter worth approximately $10,423,090. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in North American Construction Group during the 2nd quarter worth approximately $8,029,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in North American Construction Group by 65.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 402,413 shares of the oil and gas company’s stock valued at $5,430,000 after buying an additional 158,731 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd. is a Canadian heavy construction and mining services company headquartered in Acheson, Alberta. The company provides equipment-intensive services to resource and infrastructure customers, with a particular focus on large-scale earthworks and mine development.

Its services include contract mining, mine-site development and reclamation, heavy civil construction, site preparation, road building, overburden removal, materials handling, crushing and aggregate production, and equipment rental and maintenance.