North American Construction Group Ltd. $NOA Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. cut its stake in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 89.3% in the 3rd quarter, Holdings Channel reports. The firm owned 25,000 shares of the oil and gas company’s stock after selling 208,600 shares during the quarter. Intact Investment Management Inc.’s holdings in North American Construction Group were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of North American Construction Group in the 2nd quarter worth approximately $122,000. Public Employees Retirement System of Ohio increased its position in 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 buying an additional 1,474 shares during the period. Quadrature Capital Ltd bought a new stake in North American Construction Group in the second quarter valued at $182,000. Timelo Investment Management Inc. acquired a new position in shares of North American Construction Group during the second quarter valued at $247,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of North American Construction Group by 35.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock worth $268,000 after acquiring an additional 4,390 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NOA. Wall Street Zen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Saturday. ATB Capital reaffirmed a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of North American Construction Group in a research report on Wednesday, October 8th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Loop Capital set a $24.00 target price on North American Construction Group in a research report on Friday, December 19th. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, North American Construction Group presently has an average rating of “Hold” and an average price target of $24.00.

North American Construction Group Stock Performance

NOA opened at $15.05 on Tuesday. The business has a 50 day moving average price of $14.40 and a two-hundred day moving average price of $14.39. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73. The company has a market capitalization of $436.57 million, a price-to-earnings ratio of 16.01 and a beta of 1.16. North American Construction Group Ltd. has a 1-year low of $12.12 and a 1-year high of $20.29.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). North American Construction Group had a net margin of 3.02% and a return on equity of 13.29%. The firm had revenue of $280.90 million for the quarter, compared to analyst estimates of $231.58 million. Research analysts predict that North American Construction Group Ltd. will post 2.56 EPS for the current fiscal year.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, November 26th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.2%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, November 26th. North American Construction Group’s dividend payout ratio (DPR) is presently 36.17%.

North American Construction Group 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.