North American Construction Group (NYSE:NOA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other research analysts have also weighed in on the stock. Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Loop Capital set a $24.00 price objective on shares of North American Construction Group in a research report on Friday, December 19th. ATB Capital restated a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of North American Construction Group in a research report on Wednesday, October 8th. 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 a consensus target price of $24.00.

North American Construction Group Trading Down 0.6%

Shares of North American Construction Group stock opened at $15.05 on Friday. North American Construction Group has a twelve month low of $12.12 and a twelve month high of $20.29. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.59. The business has a 50-day moving average price of $14.40 and a 200-day moving average price of $14.39. The firm has a market cap of $436.57 million, a price-to-earnings ratio of 16.01 and a beta of 1.16.

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

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, November 26th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.09. North American Construction Group’s dividend payout ratio is presently 36.17%.

Institutional Trading of North American Construction Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in North American Construction Group in the first quarter worth about $476,000. Public Employees Retirement System of Ohio raised its holdings in shares of North American Construction Group by 16.7% in 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 period. Vanguard Personalized Indexing Management LLC lifted its stake 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 worth $268,000 after acquiring an additional 4,390 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of North American Construction Group by 25.9% during the 2nd quarter. TD Asset Management Inc now owns 33,646 shares of the oil and gas company’s stock worth $537,000 after acquiring an additional 6,919 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in North American Construction Group by 4.6% during the 2nd quarter. Bank of Montreal Can now owns 2,244,637 shares of the oil and gas company’s stock valued at $35,941,000 after acquiring an additional 98,646 shares during the period. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.