North American Construction Group Ltd. $NOA Shares Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC grew its stake in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 50.4% in the second quarter, Holdings Channel.com reports. The fund owned 33,026 shares of the oil and gas company’s stock after buying an additional 11,064 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in North American Construction Group were worth $528,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. American Century Companies Inc. grew its holdings in shares of North American Construction Group by 20.8% in the 1st quarter. American Century Companies Inc. now owns 304,698 shares of the oil and gas company’s stock worth $4,804,000 after acquiring an additional 52,474 shares during the last quarter. National Bank of Canada FI boosted its position in shares of North American Construction Group by 2.6% in the 1st quarter. National Bank of Canada FI now owns 1,368,520 shares of the oil and gas company’s stock valued at $21,560,000 after purchasing an additional 34,720 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in North American Construction Group by 35.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock worth $268,000 after purchasing an additional 4,390 shares in the last quarter. Polar Asset Management Partners Inc. increased its stake in North American Construction Group by 70.3% in the 1st quarter. Polar Asset Management Partners Inc. now owns 1,740,985 shares of the oil and gas company’s stock worth $27,577,000 after purchasing an additional 718,884 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in North American Construction Group by 3.9% during the 1st quarter. Mackenzie Financial Corp now owns 899,609 shares of the oil and gas company’s stock worth $14,184,000 after buying an additional 34,086 shares during the period. 74.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Securities cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Atb Cap Markets downgraded shares of North American Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. CIBC lowered shares of North American Construction Group to a “neutral” rating in a research note on Friday, August 15th. Weiss Ratings reissued a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. Finally, Cibc World Mkts cut North American Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, North American Construction Group presently has an average rating of “Hold”.

North American Construction Group Stock Up 4.2%

North American Construction Group stock opened at $13.90 on Friday. North American Construction Group Ltd. has a twelve month low of $12.12 and a twelve month high of $22.08. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.75 and a current ratio of 0.94. The firm has a market cap of $417.71 million, a PE ratio of 15.98 and a beta of 1.29. The firm’s 50 day moving average price is $14.27 and its two-hundred day moving average price is $15.29.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. The company had revenue of $280.90 million for the quarter, compared to analyst estimates of $231.58 million. On average, research analysts predict that North American Construction Group Ltd. will post 2.56 EPS for the current fiscal year.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, November 26th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.09. North American Construction Group’s payout ratio is currently 36.17%.

About North American Construction Group

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.