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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $24.00.

A number of research analysts have issued reports on NOA shares. Loop Capital set a $24.00 target price on shares of North American Construction Group in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a report on Wednesday, October 8th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, ATB Capital reaffirmed a “sector perform” rating on shares of North American Construction Group in a research note on Friday.

North American Construction Group Trading Down 5.3%

NYSE:NOA opened at $13.09 on Wednesday. The firm has a market capitalization of $380.77 million, a P/E ratio of 13.93 and a beta of 1.14. The business has a 50 day simple moving average of $14.24 and a 200 day simple moving average of $14.84. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73. North American Construction Group has a 12-month low of $12.12 and a 12-month high of $22.08.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted 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). The company had revenue of $280.90 million during the quarter, compared to the consensus estimate of $231.58 million. North American Construction Group had a net margin of 3.02% and a return on equity of 13.29%. Equities research analysts predict that North American Construction Group will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, November 26th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 3.7%. North American Construction Group’s dividend payout ratio is presently 36.17%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in North American Construction Group in the second quarter worth about $122,000. Qube Research & Technologies Ltd acquired a new position in shares of North American Construction Group in the 3rd quarter worth approximately $153,000. Public Employees Retirement System of Ohio raised its holdings in shares of North American Construction Group by 16.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 1,474 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of North American Construction Group by 1,424.1% in the 3rd quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after purchasing an additional 11,635 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in North American Construction Group during the second quarter valued at approximately $182,000. Institutional investors own 74.99% of the company’s stock.

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.