North American Construction Group (NYSE:NOA) Issues Earnings Results, Misses Estimates By $0.12 EPS

North American Construction Group (NYSE:NOA) (TSE:NOA) posted its quarterly earnings results on Wednesday. The oil and gas company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12), Zacks reports. North American Construction Group had a return on equity of 6.63% and a net margin of 2.65%.

North American Construction Group Price Performance

Shares of NOA traded down $0.15 during mid-day trading on Wednesday, hitting $14.40. 103,923 shares of the stock were exchanged, compared to its average volume of 118,807. The company has a market cap of $409.11 million, a PE ratio of 17.99 and a beta of 1.11. North American Construction Group has a 52-week low of $12.07 and a 52-week high of $18.24. The firm has a 50-day moving average of $14.36 and a two-hundred day moving average of $14.67. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.70 and a current ratio of 0.88.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, March 26th. North American Construction Group’s dividend payout ratio is 43.75%.

Hedge Funds Weigh In On North American Construction Group

Several large investors have recently modified their holdings of NOA. Jane Street Group LLC bought a new position in shares of North American Construction Group during the 1st quarter valued at approximately $476,000. Geode Capital Management LLC increased its position in shares of 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 valued at $344,000 after purchasing an additional 7,300 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of North American Construction Group during the 2nd quarter valued at approximately $122,000. Bank of America Corp DE increased its position in shares of North American Construction Group by 80.7% during the 2nd 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 purchasing an additional 145,745 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of North American Construction Group by 3.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock valued at $1,139,000 after purchasing an additional 2,040 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

NOA has been the topic of a number of research analyst reports. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating in a report on Friday, March 13th. 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. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Monday. Roth Mkm assumed coverage on North American Construction Group in a report on Thursday, February 5th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Wall Street Zen cut North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.50.

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.