Aegis Financial Corp Buys New Position in North American Construction Group Ltd. $NOA

Aegis Financial Corp purchased a new position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 841,934 shares of the oil and gas company’s stock, valued at approximately $11,965,000. North American Construction Group makes up 4.6% of Aegis Financial Corp’s portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of NOA. Raymond James Financial Inc. bought a new position in shares of North American Construction Group during the 2nd quarter valued at about $122,000. Quadrature Capital Ltd acquired a new stake in North American Construction Group during the second quarter valued at approximately $182,000. Timelo Investment Management Inc. bought a new stake in North American Construction Group during the second quarter worth approximately $247,000. Geode Capital Management LLC grew its position in North American Construction Group by 51.4% in the second quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock worth $344,000 after buying an additional 7,300 shares during the last quarter. Finally, Burney Co. acquired a new position in North American Construction Group in the third quarter worth approximately $307,000. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Stock Performance

Shares of NOA opened at $16.61 on Friday. The company has a market capitalization of $477.54 million, a PE ratio of 17.67 and a beta of 1.15. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.73 and a current ratio of 0.91. The company’s 50 day moving average price is $15.27 and its 200 day moving average price is $14.48. North American Construction Group Ltd. has a 52 week low of $12.12 and a 52 week high of $18.31.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NOA shares. Roth Mkm started coverage on North American Construction Group in a research report on Thursday, February 5th. They set a “buy” rating and a $25.00 price objective for the company. Loop Capital set a $24.00 target price on North American Construction Group in a report on Friday, December 19th. Wall Street Zen raised North American Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. ATB Cormark Capital Markets restated a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. Finally, Zacks Research cut shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, North American Construction Group has an average rating of “Hold” and a consensus price target of $24.50.

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.