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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating.

Several research firms have commented on NOA. Cibc World Mkts lowered shares of North American Construction Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. TD Securities lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, Canaccord Genuity Group cut North American Construction Group from a “buy” rating to a “hold” rating in a report on Friday, July 11th.

North American Construction Group Trading Down 1.9%

Shares of NOA opened at $15.42 on Tuesday. The company’s fifty day moving average is $14.10 and its 200 day moving average is $15.37. North American Construction Group has a fifty-two week low of $12.12 and a fifty-two week high of $22.08. The stock has a market capitalization of $463.40 million, a PE ratio of 17.73 and a beta of 1.21. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.75 and a current ratio of 0.94.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.42). North American Construction Group had a return on equity of 17.15% and a net margin of 2.82%.The business had revenue of $235.51 million during the quarter, compared to the consensus estimate of $231.51 million. Sell-side analysts expect that North American Construction Group will post 2.56 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, August 29th were paid a $0.0872 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.3%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, August 29th. North American Construction Group’s dividend payout ratio (DPR) is 40.23%.

Hedge Funds Weigh In On North American Construction Group

A number of hedge funds have recently made changes to their positions in NOA. Raymond James Financial Inc. acquired a new position in shares of North American Construction Group during the 2nd quarter worth approximately $122,000. Public Employees Retirement System of Ohio boosted its stake in North American Construction Group by 16.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock worth $165,000 after buying an additional 1,474 shares during the last quarter. Quadrature Capital Ltd acquired a new position in North American Construction Group during the second quarter worth $182,000. Timelo Investment Management Inc. acquired a new position in North American Construction Group during the second quarter worth $247,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of North American Construction Group by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock valued at $268,000 after buying an additional 4,390 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.