North American Construction Group Ltd. (NYSE:NOA) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its stake in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,333,800 shares of the oil and gas company's stock after acquiring an additional 156,691 shares during the period. National Bank of Canada FI owned 4.80% of North American Construction Group worth $28,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of North American Construction Group by 562.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 150,707 shares of the oil and gas company's stock valued at $3,245,000 after purchasing an additional 127,971 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in North American Construction Group by 7,381.9% in the fourth quarter. JPMorgan Chase & Co. now owns 21,024 shares of the oil and gas company's stock worth $454,000 after acquiring an additional 20,743 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of North American Construction Group during the fourth quarter worth about $8,134,000. American Century Companies Inc. increased its holdings in shares of North American Construction Group by 1.8% during the fourth quarter. American Century Companies Inc. now owns 252,224 shares of the oil and gas company's stock valued at $5,436,000 after acquiring an additional 4,473 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its position in shares of 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 valued at $314,000 after purchasing an additional 8,029 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company's stock.

Analysts Set New Price Targets

Separately, Raymond James raised shares of North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, North American Construction Group currently has an average rating of "Buy".

North American Construction Group Stock Performance

Shares of NOA stock traded down $0.28 on Monday, hitting $13.99. The company had a trading volume of 67,599 shares, compared to its average volume of 77,327. The firm has a market cap of $429.53 million, a P/E ratio of 9.67 and a beta of 1.16. North American Construction Group Ltd. has a twelve month low of $13.60 and a twelve month high of $22.85. The company has a 50-day moving average price of $17.54 and a 200-day moving average price of $19.00. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85.

North American Construction Group Cuts Dividend

The company also recently announced 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. This represents a $0.34 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, March 13th. North American Construction Group's dividend payout ratio (DPR) is 28.70%.

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.