North American Construction Group (NYSE:NOA) Stock Passes Above 200-Day Moving Average – Here’s What Happened

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.37 and traded as high as $14.99. North American Construction Group shares last traded at $14.9330, with a volume of 85,382 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. ATB Capital reiterated a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Loop Capital set a $24.00 price objective on North American Construction Group in a research note on Friday, December 19th. Wall Street Zen raised North American Construction Group from a “hold” rating to a “buy” rating in a report on Saturday, January 24th. Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of North American Construction Group in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.00.

North American Construction Group Stock Performance

The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.59. The business has a 50 day moving average price of $14.55 and a 200 day moving average price of $14.37. The stock has a market cap of $433.21 million, a P/E ratio of 15.89 and a beta of 1.15.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $280.90 million for the quarter, compared to analysts’ expectations of $231.58 million. North American Construction Group had a net margin of 3.02% and a return on equity of 13.29%. As a group, sell-side analysts expect that North American Construction Group Ltd. will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

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

Institutional Investors Weigh In On North American Construction Group

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of North American Construction Group during the 2nd quarter worth $122,000. Highlander Partners L.P. bought a new position in North American Construction Group in the fourth quarter worth about $132,000. Public Employees Retirement System of Ohio lifted its position in shares of North American Construction Group by 16.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 1,474 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of North American Construction Group in the 3rd quarter valued at about $153,000. Finally, Quadrature Capital Ltd purchased a new position in shares of North American Construction Group in the 2nd quarter worth approximately $182,000. Institutional investors own 74.99% of the company’s stock.

About North American Construction Group

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.