North American Construction Group Ltd. (NYSE:NOA) Given Average Rating of “Hold” by Analysts

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has earned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.75.

Several research analysts have commented on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a report on Thursday, May 14th. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. ATB Cormark Capital Markets downgraded North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Roth Capital reaffirmed a “buy” rating and issued a $27.50 price objective on shares of North American Construction Group in a research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th.

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at $13.29 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. North American Construction Group has a twelve month low of $12.07 and a twelve month high of $17.26. The stock has a market cap of $370.35 million, a price-to-earnings ratio of 16.82 and a beta of 1.06. The company’s fifty day moving average is $13.84 and its 200 day moving average is $14.56.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Wednesday, June 3rd were given a $0.12 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.6%. North American Construction Group’s payout ratio is 43.04%.

Institutional Investors Weigh In On North American Construction Group

Several large investors have recently modified their holdings of the company. SkyView Investment Advisors LLC increased its position in shares of North American Construction Group by 1.3% during the fourth quarter. SkyView Investment Advisors LLC now owns 73,616 shares of the oil and gas company’s stock worth $1,058,000 after acquiring an additional 955 shares in the last quarter. TD Asset Management Inc lifted its position in North American Construction Group by 3.5% in the 4th quarter. TD Asset Management Inc now owns 34,555 shares of the oil and gas company’s stock valued at $498,000 after acquiring an additional 1,178 shares in the last quarter. Boothbay Fund Management LLC lifted its position in North American Construction Group by 16.3% in the 3rd quarter. Boothbay Fund Management LLC now owns 16,709 shares of the oil and gas company’s stock valued at $237,000 after acquiring an additional 2,339 shares in the last quarter. Lazard Asset Management LLC boosted its stake in North American Construction Group by 29.9% during the 4th quarter. Lazard Asset Management LLC now owns 16,170 shares of the oil and gas company’s stock valued at $232,000 after purchasing an additional 3,718 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in North American Construction Group by 51.4% during the 2nd quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock valued at $344,000 after purchasing an additional 7,300 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

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.