CIBC Asset Management Inc Has $24.17 Million Position in North American Construction Group Ltd. (NYSE:NOA)

CIBC Asset Management Inc boosted its holdings in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,291,883 shares of the oil and gas company's stock after acquiring an additional 137,327 shares during the period. CIBC Asset Management Inc owned approximately 4.82% of North American Construction Group worth $24,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NOA. TD Asset Management Inc grew its stake in North American Construction Group by 2.4% in the second quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company's stock valued at $476,000 after purchasing an additional 571 shares in the last quarter. Swiss National Bank increased its holdings in North American Construction Group by 4.4% during the first quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company's stock worth $1,109,000 after buying an additional 2,100 shares during the last quarter. Quadrature Capital Ltd raised its position in North American Construction Group by 1.3% during the first quarter. Quadrature Capital Ltd now owns 354,621 shares of the oil and gas company's stock worth $7,867,000 after acquiring an additional 4,500 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in North American Construction Group by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 154,078 shares of the oil and gas company's stock worth $2,971,000 after purchasing an additional 5,567 shares during the period. Finally, American Century Companies Inc. increased its position in North American Construction Group by 6.3% during the second quarter. American Century Companies Inc. now owns 228,740 shares of the oil and gas company's stock worth $4,411,000 after buying an additional 13,559 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

North American Construction Group Stock Performance

NOA traded down $0.06 on Friday, reaching $19.90. The company had a trading volume of 50,114 shares, compared to its average volume of 65,172. The stock has a market cap of $533.94 million, a P/E ratio of 13.82 and a beta of 1.48. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. North American Construction Group Ltd. has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The company's fifty day moving average is $18.67 and its 200 day moving average is $19.30.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th will be issued a $0.089 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.36 dividend on an annualized basis and a yield of 1.79%. This is an increase from North American Construction Group's previous quarterly dividend of $0.07. North American Construction Group's payout ratio is currently 24.31%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered North American Construction Group from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd.

North American Construction Group Company Profile

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.