K.J. Harrison & Partners Inc Reduces Holdings in North American Construction Group Ltd. $NOA

K.J. Harrison & Partners Inc cut its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 43.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,500 shares of the oil and gas company’s stock after selling 39,642 shares during the period. K.J. Harrison & Partners Inc owned 0.18% of North American Construction Group worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new position in shares of North American Construction Group in the fourth quarter worth $235,000. Mackenzie Financial Corp grew its holdings in shares of North American Construction Group by 63.0% during the fourth quarter. Mackenzie Financial Corp now owns 25,836 shares of the oil and gas company’s stock valued at $368,000 after buying an additional 9,981 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of North American Construction Group by 1.3% in the 4th quarter. SkyView Investment Advisors LLC now owns 73,616 shares of the oil and gas company’s stock valued at $1,058,000 after acquiring an additional 955 shares during the period. Quadrature Capital Ltd acquired a new position in shares of North American Construction Group in the 4th quarter valued at $1,705,000. Finally, Millennium Management LLC purchased a new position in North American Construction Group in the 4th quarter worth $4,877,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Trading Down 0.0%

Shares of North American Construction Group stock opened at $12.90 on Monday. The stock has a market cap of $361.08 million, a PE ratio of 16.34 and a beta of 1.06. The firm has a fifty day moving average price of $14.06 and a 200 day moving average price of $14.59. North American Construction Group Ltd. has a 1 year low of $12.07 and a 1 year high of $17.26. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.11 and a quick ratio of 0.90.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Wednesday, June 3rd were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.7%. North American Construction Group’s dividend payout ratio (DPR) is presently 44.30%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NOA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. Zacks Research cut North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a report on Thursday, May 14th. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating in a report on Friday, March 13th. Finally, ATB Cormark Capital Markets lowered North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.