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

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation.

Several analysts recently issued reports on the stock. Cibc World Mkts lowered shares of North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. TD Securities downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Atb Cap Markets lowered shares of North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of North American Construction Group in a report on Wednesday, October 8th. Finally, Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th.

North American Construction Group Trading Up 0.2%

Shares of North American Construction Group stock opened at $13.54 on Friday. The stock has a 50 day moving average of $14.27 and a 200 day moving average of $15.23. 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 capitalization of $398.54 million, a price-to-earnings ratio of 15.56 and a beta of 1.29. North American Construction Group has a fifty-two week low of $12.12 and a fifty-two week high of $22.08.

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 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 analyst estimates of $231.58 million. North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. As a group, research analysts predict that North American Construction Group will post 2.56 earnings per share for the current year.

North American Construction Group Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. increased its stake in North American Construction Group by 0.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 279,428 shares of the oil and gas company’s stock worth $4,074,000 after buying an additional 1,153 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of North American Construction Group by 16.7% in the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 1,474 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of North American Construction Group by 0.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 428,800 shares of the oil and gas company’s stock worth $6,762,000 after acquiring an additional 1,647 shares during the period. SkyView Investment Advisors LLC raised its stake in shares of North American Construction Group by 3.0% in the second quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock valued at $1,139,000 after acquiring an additional 2,040 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its holdings in North American Construction Group by 16.3% in the third quarter. Boothbay Fund Management LLC now owns 16,709 shares of the oil and gas company’s stock valued at $237,000 after purchasing an additional 2,339 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

North American Construction Group Company Profile

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.