North American Construction Group (NYSE:NOA) Shares Down 2.2%

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) traded down 2.2% during trading on Friday . The stock traded as low as $19.60 and last traded at $19.60. 1,990 shares traded hands during trading, a decline of 97% from the average session volume of 68,259 shares. The stock had previously closed at $20.05.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd.

North American Construction Group Price Performance

The firm has a market capitalization of $527.52 million, a P/E ratio of 15.19 and a beta of 1.50. The business’s 50-day simple moving average is $19.08 and its 200 day simple moving average is $21.05. The company has a quick ratio of 0.81, a current ratio of 1.03 and a debt-to-equity ratio of 1.82.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its earnings results on Wednesday, July 31st. The oil and gas company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $201.95 million for the quarter, compared to analyst estimates of $230.03 million. North American Construction Group had a net margin of 4.97% and a return on equity of 21.72%. Sell-side analysts forecast that North American Construction Group Ltd. will post 2.95 earnings per share for the current year.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be issued a $0.073 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.29 annualized dividend and a dividend yield of 1.48%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s payout ratio is currently 21.97%.

Institutional Investors Weigh In On North American Construction Group

Several institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in North American Construction Group by 34.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock valued at $133,000 after purchasing an additional 1,615 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in North American Construction Group by 686.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 15,213 shares in the last quarter. PenderFund Capital Management Ltd. boosted its stake in shares of North American Construction Group by 22.5% during the 4th quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock valued at $508,000 after purchasing an additional 4,480 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of North American Construction Group by 2.4% in the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 571 shares during the period. Finally, SkyView Investment Advisors LLC bought a new stake in shares of North American Construction Group during the 1st quarter valued at $742,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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.