167,575 Shares of North American Construction Group Ltd. $NOA Bought by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. bought a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 167,575 shares of the oil and gas company’s stock, valued at approximately $2,024,000.

Other institutional investors have also modified their holdings of the company. Cannell Capital LLC acquired a new position in shares of North American Construction Group in the second quarter worth about $10,423,090. Connor Clark & Lunn Investment Management Ltd. purchased a new position in North American Construction Group in the second quarter valued at about $8,029,000. Bank of America Corp DE acquired a new stake in North American Construction Group during the 2nd quarter valued at approximately $3,045,000. Orchard Capital Management LLC acquired a new stake in North American Construction Group during the 2nd quarter valued at approximately $3,013,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in North American Construction Group by 65.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 402,413 shares of the oil and gas company’s stock valued at $5,430,000 after purchasing an additional 158,731 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a report on Thursday, August 13th. Wall Street Zen cut North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of North American Construction Group in a research note on Friday, September 4th. Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Finally, ATB Cormark Capital Markets raised shares of North American Construction Group from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 26th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.75.

North American Construction Group Stock Performance

Shares of NOA opened at $9.56 on Tuesday. The stock has a market capitalization of $263.32 million, a PE ratio of -35.43 and a beta of 1.06. The business’s fifty day moving average price is $12.16 and its 200 day moving average price is $13.82. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.07 and a quick ratio of 0.90. North American Construction Group Ltd. has a 12-month low of $8.56 and a 12-month high of $17.26.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its earnings results on Wednesday, November 4th. The oil and gas company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The business had revenue of $290.24 million for the quarter, compared to the consensus estimate of $286.62 million. North American Construction Group had a negative net margin of 0.61% and a positive return on equity of 3.22%. Equities research analysts forecast that North American Construction Group Ltd. will post 0.90 EPS for the current year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Wednesday, November 25th will be issued a C$0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $0.48 annualized dividend and a dividend yield of 5.0%. North American Construction Group’s payout ratio is -125.93%.

North American Construction Group Company Profile

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.