Sanctuary Advisors LLC Acquires New Position in North American Construction Group Ltd. $NOA

Sanctuary Advisors LLC bought a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,384 shares of the oil and gas company’s stock, valued at approximately $612,000. Sanctuary Advisors LLC owned about 0.16% of North American Construction Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in North American Construction Group in the 2nd quarter valued at $122,000. Highlander Partners L.P. acquired a new stake in shares of North American Construction Group during the fourth quarter worth $132,000. Qube Research & Technologies Ltd purchased a new stake in shares of North American Construction Group in the third quarter valued at $153,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of North American Construction Group in the fourth quarter valued at $165,000. Finally, Lazard Asset Management LLC increased its stake in 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 valued at $177,000 after purchasing an additional 11,635 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NOA shares. ATB Cormark Capital Markets downgraded North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a report on Tuesday, June 9th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a research note on Thursday, July 9th. Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.75.

North American Construction Group Price Performance

NOA opened at $13.91 on Tuesday. North American Construction Group Ltd. has a 52-week low of $12.07 and a 52-week high of $17.26. The company has a 50 day moving average of $13.69 and a two-hundred day moving average of $14.53. The company has a market cap of $387.70 million, a P/E ratio of 17.60 and a beta of 1.06. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 1.80.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Wednesday, June 3rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, June 3rd. North American Construction Group’s dividend payout ratio is currently 44.30%.

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.