North American Construction Group (NYSE:NOA) Research Coverage Started at Roth Mkm

Roth Mkm started coverage on shares of North American Construction Group (NYSE:NOA) (TSE:NOA) in a report released on Thursday morning, Marketbeat reports. The firm issued a buy rating and a $25.00 target price on the oil and gas company’s stock.

A number of other brokerages have also weighed in on NOA. Weiss Ratings restated a “hold (c)” rating on shares of North American Construction Group in a research report on Wednesday, October 8th. ATB Capital reiterated a “sector perform” rating on shares of North American Construction Group in a research note on Friday, December 19th. Zacks Research lowered North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Wall Street Zen raised North American Construction Group from a “hold” rating to a “buy” rating in a report on Saturday, January 24th. Finally, Loop Capital set a $24.00 price target on North American Construction Group in a research note on Friday, December 19th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.50.

North American Construction Group Price Performance

Shares of North American Construction Group stock opened at $16.05 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.59. North American Construction Group has a 52 week low of $12.12 and a 52 week high of $19.33. The stock’s 50-day simple moving average is $14.63 and its 200-day simple moving average is $14.38. The company has a market capitalization of $461.44 million, a price-to-earnings ratio of 17.07 and a beta of 1.15.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). North American Construction Group had a return on equity of 13.29% and a net margin of 3.02%.The business had revenue of $280.90 million during the quarter, compared to analysts’ expectations of $231.58 million. As a group, analysts expect that North American Construction Group will post 2.56 earnings per share for the current fiscal 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 paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 3.0%. North American Construction Group’s payout ratio is presently 36.17%.

Hedge Funds Weigh In On North American Construction Group

Large investors have recently modified their holdings of the stock. Bastion Asset Management Inc. bought a new stake in North American Construction Group in the fourth quarter worth $8,475,000. Stephens Inc. AR purchased a new stake in shares of North American Construction Group in the fourth quarter valued at $190,000. Highlander Partners L.P. bought a new stake in shares of North American Construction Group in the 4th quarter worth about $132,000. Intact Investment Management Inc. boosted its stake in shares of North American Construction Group by 368.0% during the 4th quarter. Intact Investment Management Inc. now owns 117,000 shares of the oil and gas company’s stock worth $1,684,000 after purchasing an additional 92,000 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in North American Construction Group by 7.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 299,322 shares of the oil and gas company’s stock valued at $4,025,000 after purchasing an additional 19,894 shares during the last quarter. 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.