Cumberland Partners Ltd Cuts Stock Position in North American Construction Group Ltd. (NYSE:NOA)

Cumberland Partners Ltd reduced its position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 23.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,100 shares of the oil and gas company's stock after selling 33,400 shares during the quarter. Cumberland Partners Ltd owned 0.41% of North American Construction Group worth $2,061,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. TD Asset Management Inc lifted 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 worth $476,000 after acquiring an additional 571 shares during the period. Swiss National Bank boosted its stake in shares of 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 valued at $1,109,000 after purchasing an additional 2,100 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in North American Construction Group by 2.8% during the first quarter. Janney Montgomery Scott LLC now owns 79,212 shares of the oil and gas company's stock valued at $1,765,000 after buying an additional 2,180 shares during the period. Quadrature Capital Ltd raised its stake in North American Construction Group by 1.3% in the first quarter. Quadrature Capital Ltd now owns 354,621 shares of the oil and gas company's stock worth $7,867,000 after buying an additional 4,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 buying an additional 5,567 shares during the period. Hedge funds and other institutional investors own 74.99% of the company's stock.

North American Construction Group Stock Down 2.0 %

Shares of NYSE NOA traded down $0.42 during trading hours on Tuesday, hitting $20.10. 42,171 shares of the stock were exchanged, compared to its average volume of 65,533. North American Construction Group Ltd. has a 12 month low of $16.46 and a 12 month high of $25.92. The firm has a fifty day moving average price of $18.59 and a 200-day moving average price of $19.33. 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 company has a market cap of $539.30 million, a PE ratio of 14.10 and a beta of 1.48.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.089 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, November 27th. This is a positive change from North American Construction Group's previous quarterly dividend of $0.07. North American Construction Group's dividend payout ratio is currently 24.31%.

Analyst Ratings Changes

Separately, StockNews.com cut North American Construction Group from a "buy" rating to a "hold" rating in a research note 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.