K.J. Harrison & Partners Inc Sells 39,800 Shares of North American Construction Group Ltd. (NYSE:NOA)

K.J. Harrison & Partners Inc lowered its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,900 shares of the oil and gas company’s stock after selling 39,800 shares during the period. K.J. Harrison & Partners Inc owned 0.74% of North American Construction Group worth $4,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NOA. Public Employees Retirement System of Ohio bought a new position in North American Construction Group during the 3rd quarter worth $185,000. Stephens Inc. AR acquired a new position in shares of North American Construction Group in the fourth quarter valued at about $204,000. Geode Capital Management LLC increased its position in North American Construction Group by 14.9% during the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock worth $264,000 after acquiring an additional 1,838 shares during the period. PDT Partners LLC raised its stake in North American Construction Group by 45.6% in the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 5,371 shares in the last quarter. Finally, Tranquility Partners LLC boosted its holdings in North American Construction Group by 11.5% in the 4th quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company’s stock valued at $323,000 after purchasing an additional 1,538 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at $18.07 on Thursday. The company has a 50 day moving average of $20.02 and a 200-day moving average of $19.44. The company has a market cap of $501.98 million, a PE ratio of 12.55 and a beta of 1.44. 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 Ltd. has a 1-year low of $16.46 and a 1-year high of $25.92.

North American Construction Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Thursday, March 13th will be issued a $0.084 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

Several brokerages have recently commented on NOA. CIBC raised shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. Raymond James upgraded North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.