Aegis Financial Corp Has $14.97 Million Stock Position in North American Construction Group Ltd. $NOA

Aegis Financial Corp lifted its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 23.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,038,177 shares of the oil and gas company’s stock after purchasing an additional 196,243 shares during the quarter. North American Construction Group accounts for about 3.6% of Aegis Financial Corp’s investment portfolio, making the stock its 11th largest holding. Aegis Financial Corp’s holdings in North American Construction Group were worth $14,967,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NOA. Bastion Asset Management Inc. acquired a new position in shares of North American Construction Group in the 4th quarter valued at $8,475,000. Bank of Montreal Can boosted its position in North American Construction Group by 20.5% during the 3rd quarter. Bank of Montreal Can now owns 2,704,392 shares of the oil and gas company’s stock worth $38,409,000 after acquiring an additional 459,755 shares during the period. NewGen Asset Management Ltd acquired a new stake in North American Construction Group during the 3rd quarter worth about $4,719,000. CIBC Asset Management Inc raised its stake in shares of North American Construction Group by 22.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock worth $20,812,000 after purchasing an additional 262,673 shares in the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of North American Construction Group during the 4th quarter worth about $3,022,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

North American Construction Group Stock Performance

Shares of NYSE NOA opened at $13.46 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 1.80. The business’s 50 day moving average is $14.25 and its two-hundred day moving average is $14.66. The company has a market cap of $376.61 million, a P/E ratio of 17.04 and a beta of 1.07. North American Construction Group Ltd. has a 12 month low of $12.07 and a 12 month high of $18.07.

North American Construction Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Wednesday, June 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, June 3rd. North American Construction Group’s payout ratio is currently 44.30%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NOA shares. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a research note on Tuesday, May 19th. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating in a research note on Friday, March 13th. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research note on Thursday, May 14th. Wall Street Zen downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $27.50 price target on shares of North American Construction Group in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, North American Construction Group has an average rating of “Hold” and a consensus price target of $25.75.

North American Construction Group Company 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.