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 recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $25.75.

NOA has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of North American Construction Group in a report on Tuesday, June 9th. Zacks Research cut North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a report on Tuesday, May 19th. ATB Cormark Capital Markets cut North American Construction Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Roth Mkm restated a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a report on Friday, May 15th.

Hedge Funds Weigh In On North American Construction Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its holdings in North American Construction Group by 3.1% during the fourth quarter. Bank of Montreal Can now owns 2,789,384 shares of the oil and gas company’s stock worth $40,158,000 after buying an additional 84,992 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in North American Construction Group by 22.3% during the fourth quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock worth $20,812,000 after buying an additional 262,673 shares during the last quarter. Aegis Financial Corp boosted its holdings in North American Construction Group by 23.3% during the fourth quarter. Aegis Financial Corp now owns 1,038,177 shares of the oil and gas company’s stock worth $14,967,000 after buying an additional 196,243 shares during the last quarter. Bastion Asset Management Inc. bought a new position in North American Construction Group during the fourth quarter worth about $8,475,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in North American Construction Group by 65.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 402,413 shares of the oil and gas company’s stock worth $5,430,000 after buying an additional 158,731 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.

North American Construction Group Price Performance

North American Construction Group stock opened at $13.46 on Wednesday. The business’s 50-day simple moving average is $14.26 and its 200 day simple moving average is $14.65. The stock has a market cap of $376.69 million, a price-to-earnings ratio of 17.04 and a beta of 1.07. North American Construction Group has a 12-month low of $12.07 and a 12-month high of $18.05. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 1.80.

North American Construction Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.6%. North American Construction Group’s dividend payout ratio (DPR) is 44.30%.

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.