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

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have received a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation.

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th.

Institutional Investors Weigh In On North American Construction Group

A number of large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. raised its position in North American Construction Group by 0.4% in the third quarter. TD Waterhouse Canada Inc. now owns 279,428 shares of the oil and gas company’s stock valued at $4,074,000 after purchasing an additional 1,153 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of North American Construction Group by 16.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 1,474 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in North American Construction Group by 3.0% during the second quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock worth $1,139,000 after buying an additional 2,040 shares during the period. Boothbay Fund Management LLC increased its position in shares of North American Construction Group by 16.3% during the third 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 during the last quarter. Finally, Swiss National Bank raised its stake in shares of North American Construction Group by 8.9% in the 2nd quarter. Swiss National Bank now owns 51,300 shares of the oil and gas company’s stock valued at $818,000 after acquiring an additional 4,200 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Price Performance

North American Construction Group stock opened at $13.94 on Wednesday. The stock has a market capitalization of $405.23 million, a P/E ratio of 14.82 and a beta of 1.14. The company’s fifty day moving average price is $14.27 and its 200 day moving average price is $14.88. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.73 and a current ratio of 0.91. North American Construction Group has a 1 year low of $12.12 and a 1 year high of $22.08.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings data on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The company had revenue of $280.90 million for the quarter, compared to analyst estimates of $231.58 million. North American Construction Group had a return on equity of 13.29% and a net margin of 3.02%. As a group, equities research analysts anticipate that North American Construction Group will post 2.56 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, November 26th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.48 annualized dividend and a yield of 3.4%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.09. North American Construction Group’s dividend payout ratio is currently 36.17%.

About North American Construction Group

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.