North American Construction Group Ltd. (NYSE:NOA) Receives Consensus Recommendation of “Hold” from Analysts

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

Several equities analysts have issued reports on NOA shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a research report on Tuesday, May 19th. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a report on Tuesday, June 9th. ATB Cormark Capital Markets cut North American Construction Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 28th. Zacks Research cut North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, Roth Mkm restated a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a report on Friday, May 15th.

North American Construction Group Price Performance

Shares of NOA stock opened at $13.46 on Wednesday. The stock’s fifty day simple moving average is $14.26 and its 200 day simple moving average is $14.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.11 and a quick ratio of 0.90. The firm has a market cap of $376.69 million, a price-to-earnings ratio of 17.04 and a beta of 1.07. North American Construction Group has a one year low of $12.07 and a one year high of $18.05.

North American Construction Group Dividend Announcement

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

Institutional Trading of North American Construction Group

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of North American Construction Group during the second quarter worth $122,000. Highlander Partners L.P. bought a new position in North American Construction Group in the fourth quarter valued at about $132,000. Qube Research & Technologies Ltd bought a new position in North American Construction Group in the third quarter valued at about $153,000. Dynamic Technology Lab Private Ltd bought a new position in North American Construction Group in the fourth quarter valued at about $165,000. Finally, Lazard Asset Management LLC boosted its holdings in North American Construction Group by 1,424.1% in the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock valued at $177,000 after acquiring an additional 11,635 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.