CenterBook Partners LP Acquires Shares of 210,273 North American Construction Group Ltd. $NOA

CenterBook Partners LP acquired a new stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 210,273 shares of the oil and gas company’s stock, valued at approximately $3,022,000. CenterBook Partners LP owned about 0.73% of North American Construction Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in North American Construction Group in the 2nd quarter valued at about $122,000. Highlander Partners L.P. purchased a new position in North American Construction Group in the 4th quarter valued at about $132,000. Qube Research & Technologies Ltd purchased a new position in North American Construction Group in the 3rd quarter valued at about $153,000. Lazard Asset Management LLC boosted its position in North American Construction Group by 1,424.1% in the 3rd quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 11,635 shares during the last quarter. Finally, Stephens Inc. AR purchased a new position in North American Construction Group in the 4th quarter valued at about $190,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NOA has been the subject of a number of analyst reports. Wall Street Zen cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research report on Thursday, May 14th. Canaccord Genuity Group upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Friday, March 13th. ATB Cormark Capital Markets lowered shares of North American Construction Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Zacks Research upgraded shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.75.

North American Construction Group Price Performance

NOA opened at $14.04 on Tuesday. The firm has a market cap of $380.48 million, a price-to-earnings ratio of 17.77 and a beta of 1.07. North American Construction Group Ltd. has a fifty-two week low of $12.07 and a fifty-two week high of $18.24. The company’s 50-day moving average price is $14.24 and its 200 day moving average price is $14.66. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.48 annualized dividend and a yield of 3.4%. North American Construction Group’s dividend payout ratio is 44.30%.

North American Construction Group 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.