National Bank of Canada FI Boosts Stock Holdings in North American Construction Group Ltd. (NYSE:NOA)

National Bank of Canada FI grew its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,333,800 shares of the oil and gas company’s stock after acquiring an additional 156,691 shares during the quarter. National Bank of Canada FI owned about 4.80% of North American Construction Group worth $28,776,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR purchased a new position in North American Construction Group in the 4th quarter valued at $204,000. Public Employees Retirement System of Ohio purchased a new position in shares of North American Construction Group in the third quarter worth about $185,000. Proficio Capital Partners LLC acquired a new position in North American Construction Group during the fourth quarter worth about $269,000. Geode Capital Management LLC grew its stake in North American Construction Group by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in North American Construction Group by 122.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company’s stock valued at $314,000 after acquiring an additional 8,029 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Stock Performance

NYSE NOA opened at $16.32 on Thursday. The stock has a market cap of $501.14 million, a PE ratio of 11.33 and a beta of 1.42. North American Construction Group Ltd. has a twelve month low of $15.09 and a twelve month high of $23.71. The stock has a fifty day simple moving average of $17.76 and a 200-day simple moving average of $19.05. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85.

North American Construction Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th will be paid a $0.084 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s dividend payout ratio (DPR) is 28.70%.

Analyst Ratings Changes

NOA has been the topic of several recent research reports. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. CIBC upgraded North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. Finally, Raymond James upgraded North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, North American Construction Group has an average rating of “Buy”.

About North American Construction Group

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.