Bank of Montreal Can trimmed its stake in North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) by 19.1% during the first quarter, Holdings Channel reports. The institutional investor owned 13,922 shares of the oil and gas company’s stock after selling 3,289 shares during the quarter. Bank of Montreal Can’s holdings in North American Construction Group were worth $162,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of NOA. JPMorgan Chase & Co. grew its holdings in North American Construction Group by 44.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 179,827 shares of the oil and gas company’s stock valued at $1,762,000 after purchasing an additional 55,482 shares during the last quarter. Morgan Stanley grew its holdings in North American Construction Group by 16.7% during the 3rd quarter. Morgan Stanley now owns 398,898 shares of the oil and gas company’s stock valued at $3,909,000 after purchasing an additional 57,050 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in North American Construction Group by 139.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 148,622 shares of the oil and gas company’s stock valued at $1,323,000 after purchasing an additional 86,490 shares during the last quarter. ClariVest Asset Management LLC grew its holdings in North American Construction Group by 29.5% during the 4th quarter. ClariVest Asset Management LLC now owns 105,553 shares of the oil and gas company’s stock valued at $938,000 after purchasing an additional 24,058 shares during the last quarter. Finally, Cypress Capital Management LLC WY grew its holdings in North American Construction Group by 3,303.1% during the 4th quarter. Cypress Capital Management LLC WY now owns 11,911 shares of the oil and gas company’s stock valued at $106,000 after purchasing an additional 11,561 shares during the last quarter. Institutional investors own 60.86% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a report on Saturday, May 18th. Royal Bank of Canada upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 13th. Raymond James upgraded shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating in a report on Monday, May 13th. National Bank Financial reiterated a “buy” rating on shares of North American Construction Group in a report on Tuesday, April 2nd. Finally, ValuEngine downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.00.

North American Construction Group stock opened at $10.85 on Tuesday. The stock has a market capitalization of $278.24 million, a price-to-earnings ratio of 25.83 and a beta of 0.63. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.84 and a quick ratio of 0.75. North American Construction Group Ltd has a 1 year low of $5.35 and a 1 year high of $13.62.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $140.21 million during the quarter, compared to analysts’ expectations of $161.58 million. North American Construction Group had a net margin of 2.34% and a return on equity of 12.32%. As a group, research analysts expect that North American Construction Group Ltd will post 1.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, May 31st will be given a $0.0148 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.06 annualized dividend and a yield of 0.55%. North American Construction Group’s dividend payout ratio (DPR) is 14.29%.

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About North American Construction Group

North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.

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Want to see what other hedge funds are holding NOA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for North American Construction Group Ltd (NYSE:NOA) (TSE:NOA).

Institutional Ownership by Quarter for North American Construction Group (NYSE:NOA)

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