North American Construction Group (NYSE:NOA) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.43 and traded as high as $16.06. North American Construction Group shares last traded at $15.60, with a volume of 130,681 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NOA shares. ATB Capital reissued a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Wall Street Zen lowered North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. Finally, Loop Capital set a $24.00 price target on North American Construction Group in a research note on Friday, December 19th. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat, North American Construction Group presently has a consensus rating of “Hold” and an average price target of $24.00.

North American Construction Group Stock Up 1.0%

The firm has a market capitalization of $457.28 million, a PE ratio of 16.77 and a beta of 1.16. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.59. The firm has a 50-day moving average of $14.28 and a two-hundred day moving average of $14.43.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm 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%. On average, equities research analysts forecast that North American Construction Group Ltd. will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, November 26th were issued a $0.12 dividend. The ex-dividend date was Wednesday, November 26th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 3.0%. North American Construction Group’s payout ratio is 36.17%.

Institutional Investors Weigh In On North American Construction Group

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of North American Construction Group in the 2nd quarter valued at $122,000. Public Employees Retirement System of Ohio increased its holdings in North American Construction Group by 16.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 1,474 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in North American Construction Group in the third quarter valued at about $153,000. Quadrature Capital Ltd acquired a new position in shares of North American Construction Group during the second quarter worth about $182,000. Finally, Lazard Asset Management LLC boosted its position in shares of 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 worth $177,000 after buying an additional 11,635 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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.