Hillsdale Investment Management Inc. bought a new position in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 377,827 shares of the oil and gas company's stock, valued at approximately $8,134,000. Hillsdale Investment Management Inc. owned approximately 1.36% of North American Construction Group at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOA. Stephens Inc. AR purchased a new stake in North American Construction Group during the 4th quarter valued at approximately $204,000. Public Employees Retirement System of Ohio purchased a new position in North American Construction Group during the third quarter valued at $185,000. Proficio Capital Partners LLC purchased a new position in North American Construction Group during the fourth quarter valued at $269,000. Geode Capital Management LLC increased its holdings in North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company's stock valued at $264,000 after acquiring an additional 1,838 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its stake in North American Construction Group by 122.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company's stock worth $314,000 after purchasing an additional 8,029 shares in the last quarter. Institutional investors own 74.99% of the company's stock.
Analyst Upgrades and Downgrades
NOA has been the topic of several research reports. Raymond James raised North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. CIBC upgraded shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research report on Thursday, December 5th. Finally, Cibc World Mkts raised shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, North American Construction Group has a consensus rating of "Buy".
Read Our Latest Stock Analysis on North American Construction Group
North American Construction Group Stock Up 3.9 %
NYSE:NOA traded up $0.64 during mid-day trading on Wednesday, reaching $17.00. The company's stock had a trading volume of 97,307 shares, compared to its average volume of 65,230. North American Construction Group Ltd. has a 1 year low of $15.09 and a 1 year high of $23.71. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $472.15 million, a PE ratio of 11.80 and a beta of 1.42. The stock has a fifty day moving average of $18.23 and a 200-day moving average of $19.12.
North American Construction Group Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Thursday, March 13th will be paid a dividend of $0.084 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.34 annualized dividend and a yield of 1.98%. North American Construction Group's dividend payout ratio (DPR) is 28.70%.
North American Construction Group Profile
(
Free Report)
North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.
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