North American Construction Group Ltd. (NYSE:NOA) Given Average Rating of “Hold” by Analysts

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has earned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.75.

Several equities analysts recently issued reports on NOA shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Finally, Roth Capital reaffirmed a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a research note on Friday, May 15th.

North American Construction Group Stock Performance

Shares of NOA stock opened at $13.32 on Monday. The stock has a market capitalization of $369.10 million, a PE ratio of 16.86 and a beta of 1.07. The business’s 50 day simple moving average is $13.64 and its 200 day simple moving average is $14.18. 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 has a one year low of $12.07 and a one year high of $17.26.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. The firm had revenue of $321.22 million during the quarter, compared to analyst estimates of $246.65 million. As a group, research analysts forecast that North American Construction Group will post 0.96 earnings per share for the current year.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, August 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. North American Construction Group’s dividend payout ratio (DPR) is 43.04%.

Institutional Investors Weigh In On North American Construction Group

A number of large investors have recently bought and sold shares of NOA. Jane Street Group LLC acquired a new position in shares of North American Construction Group during the first quarter valued at about $476,000. Geode Capital Management LLC raised its stake in North American Construction Group by 51.4% during the 2nd quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock worth $344,000 after buying an additional 7,300 shares during the period. Raymond James Financial Inc. acquired a new stake in North American Construction Group in the second quarter valued at approximately $122,000. Bank of America Corp DE increased its holdings in shares of North American Construction Group by 80.7% during the second quarter. Bank of America Corp DE now owns 326,266 shares of the oil and gas company’s stock valued at $5,214,000 after acquiring an additional 145,745 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of North American Construction Group by 3.0% during the second quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock worth $1,139,000 after purchasing an additional 2,040 shares during the period. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Company Profile

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.