National Bank of Canada FI Has $22.01 Million Stock Holdings in North American Construction Group Ltd. (NYSE:NOA)

National Bank of Canada FI raised its stake in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 69.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,177,109 shares of the oil and gas company's stock after purchasing an additional 480,885 shares during the period. National Bank of Canada FI owned 4.39% of North American Construction Group worth $22,012,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Millennium Management LLC grew its position in shares of North American Construction Group by 240.4% during the 2nd quarter. Millennium Management LLC now owns 225,336 shares of the oil and gas company's stock worth $4,344,000 after purchasing an additional 159,142 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of North American Construction Group by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 1,154,556 shares of the oil and gas company's stock valued at $22,249,000 after purchasing an additional 140,562 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of North American Construction Group by 15.3% during 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 buying an additional 285,225 shares in the last quarter. Intact Investment Management Inc. lifted its position in shares of North American Construction Group by 23.7% during the 2nd quarter. Intact Investment Management Inc. now owns 213,300 shares of the oil and gas company's stock worth $4,113,000 after buying an additional 40,900 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in North American Construction Group by 75.0% in the second quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company's stock valued at $1,124,000 after buying an additional 25,003 shares in the last quarter. 74.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on NOA. CIBC raised shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research note on Thursday, December 5th. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th.

North American Construction Group Trading Down 0.3 %

NYSE NOA traded down $0.06 on Tuesday, reaching $20.96. The company had a trading volume of 47,215 shares, compared to its average volume of 64,581. The firm has a market cap of $583.25 million, a price-to-earnings ratio of 14.79 and a beta of 1.49. North American Construction Group Ltd. has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The business has a 50 day moving average of $19.17 and a two-hundred day moving average of $19.25. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.089 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.36 annualized dividend and a yield of 1.70%. This is a boost from North American Construction Group's previous quarterly dividend of $0.07. North American Construction Group's dividend payout ratio (DPR) is currently 24.31%.

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.