50,596 Shares in North American Construction Group Ltd. $NOA Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 50,596 shares of the oil and gas company’s stock, valued at approximately $673,000. Sanctuary Advisors LLC owned about 0.18% of North American Construction Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of North American Construction Group during the second 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 approximately $132,000. Qube Research & Technologies Ltd acquired a new stake in shares of North American Construction Group during the 3rd quarter valued at $153,000. Dynamic Technology Lab Private Ltd acquired a new stake in North American Construction Group during the fourth quarter valued at $165,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of North American Construction Group by 1,424.1% during the 3rd quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 11,635 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Stock Down 3.2%

North American Construction Group stock opened at $13.11 on Friday. North American Construction Group Ltd. has a twelve month low of $12.07 and a twelve month high of $17.26. 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 stock has a market cap of $365.51 million, a P/E ratio of 16.60 and a beta of 1.06. The company’s 50-day moving average price is $13.66 and its two-hundred day moving average price is $14.29.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $321.22 million during the quarter, compared to analysts’ expectations of $246.65 million. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. As a group, analysts expect that North American Construction Group Ltd. will post 0.96 EPS for the current year.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is currently 44.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. 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 reiterated a “hold (c-)” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. Roth Capital restated a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a research report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.75.

North American Construction Group 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.