K.J. Harrison & Partners Inc Sells 39,800 Shares of North American Construction Group Ltd. (NYSE:NOA)

K.J. Harrison & Partners Inc cut its stake in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 16.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,900 shares of the oil and gas company's stock after selling 39,800 shares during the period. K.J. Harrison & Partners Inc owned 0.74% of North American Construction Group worth $4,483,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Polar Asset Management Partners Inc. grew its position in shares of North American Construction Group by 59.8% during the third quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company's stock worth $31,981,000 after acquiring an additional 639,857 shares during the last quarter. National Bank of Canada FI grew its position in North American Construction Group by 69.1% in the 3rd quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company's stock worth $22,012,000 after purchasing an additional 480,885 shares during the last quarter. Bank of Montreal Can grew its position in North American Construction Group by 15.3% in the 3rd quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company's stock worth $40,519,000 after purchasing an additional 285,225 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of North American Construction Group by 11.9% in the third quarter. CIBC Asset Management Inc now owns 1,291,883 shares of the oil and gas company's stock valued at $24,167,000 after purchasing an additional 137,327 shares during the period. Finally, Alberta Investment Management Corp raised its holdings in shares of North American Construction Group by 7.2% during the fourth quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company's stock valued at $22,774,000 after buying an additional 71,454 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NOA shares. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. CIBC upgraded North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research report on Thursday, December 5th. Finally, Raymond James raised North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

North American Construction Group Trading Down 0.8 %

NOA stock traded down $0.13 during mid-day trading on Friday, reaching $17.59. 85,709 shares of the stock traded hands, compared to its average volume of 56,377. North American Construction Group Ltd. has a 52-week low of $16.46 and a 52-week high of $25.92. The stock's fifty day moving average is $19.92 and its 200-day moving average is $19.44. The company has a market cap of $488.54 million, a P/E ratio of 12.21 and a beta of 1.43. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85.

North American Construction Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.084 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.91%. North American Construction Group's dividend payout ratio is 22.92%.

About North American Construction Group

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.