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

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $24.50.

A number of research analysts have commented on NOA shares. Loop Capital set a $24.00 price target on shares of North American Construction Group in a research note on Friday, December 19th. Zacks Research downgraded North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Roth Mkm started coverage on North American Construction Group in a research report on Thursday. They issued a “buy” rating and a $25.00 price target on the stock. ATB Capital reissued a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. Finally, Wall Street Zen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th.

North American Construction Group Stock Performance

Shares of NYSE NOA opened at $15.18 on Thursday. The firm has a market capitalization of $436.43 million, a price-to-earnings ratio of 16.15 and a beta of 1.15. North American Construction Group has a one year low of $12.12 and a one year high of $19.33. The business has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $14.38. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.59.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business 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%. Sell-side analysts expect that North American Construction Group will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, November 26th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.2%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, November 26th. North American Construction Group’s dividend payout ratio (DPR) is presently 36.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NOA. Raymond James Financial Inc. bought a new stake in North American Construction Group during the 2nd quarter worth approximately $122,000. Highlander Partners L.P. acquired a new position in North American Construction Group in the fourth quarter worth $132,000. Qube Research & Technologies Ltd bought a new stake in shares of North American Construction Group during the third quarter worth $153,000. Quadrature Capital Ltd bought a new stake in shares of North American Construction Group during the second quarter worth $182,000. Finally, Lazard Asset Management LLC increased its stake in shares of North American Construction Group by 1,424.1% in the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 11,635 shares in the last quarter. 74.99% of the stock is 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.