54,534 Shares in North American Construction Group Ltd. $NOA Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 54,534 shares of the oil and gas company’s stock, valued at approximately $725,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bastion Asset Management Inc. acquired a new stake in North American Construction Group during the fourth quarter worth about $8,475,000. Bank of Montreal Can lifted its holdings in shares of North American Construction Group by 20.5% during the 3rd quarter. Bank of Montreal Can now owns 2,704,392 shares of the oil and gas company’s stock worth $38,409,000 after acquiring an additional 459,755 shares during the period. Millennium Management LLC acquired a new stake in shares of North American Construction Group during the 4th quarter worth approximately $4,877,000. CIBC Asset Management Inc boosted its position in shares of North American Construction Group by 22.3% during the 4th quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock worth $20,812,000 after acquiring an additional 262,673 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in North American Construction Group during the fourth quarter valued at approximately $3,022,000. Institutional investors own 74.99% of the company’s stock.

North American Construction Group Trading Down 1.9%

Shares of NOA stock opened at $13.67 on Wednesday. North American Construction Group Ltd. has a twelve month low of $12.07 and a twelve month high of $17.26. The stock’s fifty day simple moving average is $13.67 and its 200 day simple moving average is $14.39. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 2.15. The firm has a market capitalization of $381.15 million, a P/E ratio of 17.31 and a beta of 1.06.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%.The firm had revenue of $321.22 million during the quarter, compared to the consensus estimate of $246.65 million. As a group, sell-side analysts predict that North American Construction Group Ltd. will post 1.6 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, August 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is 44.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Roth Capital reaffirmed a “buy” rating and issued a $27.50 target price on shares of North American Construction Group in a report on Friday, May 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a research note on Thursday, July 9th. BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of North American Construction Group in a report on Tuesday, June 9th. Finally, Zacks Research downgraded shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.75.

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.