UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $372,000 Holdings in North American Construction Group Ltd. (NYSE:NOA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 57.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,876 shares of the oil and gas company's stock after selling 27,377 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of North American Construction Group worth $372,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. K.J. Harrison & Partners Inc raised its holdings in North American Construction Group by 9.3% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 234,700 shares of the oil and gas company's stock worth $4,524,000 after buying an additional 20,000 shares during the period. Intact Investment Management Inc. grew its position in 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 purchasing an additional 40,900 shares in the last quarter. CIBC Asset Management Inc grew its position in North American Construction Group by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 1,154,556 shares of the oil and gas company's stock worth $22,249,000 after purchasing an additional 140,562 shares in the last quarter. TD Asset Management Inc raised its stake in North American Construction Group by 2.4% during the 2nd 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 during the period. Finally, National Bank of Canada FI boosted its position in shares of North American Construction Group by 47.9% in the second quarter. National Bank of Canada FI now owns 696,224 shares of the oil and gas company's stock worth $13,275,000 after buying an additional 225,445 shares during the period. Institutional investors own 74.99% of the company's stock.

North American Construction Group Stock Down 0.8 %

NOA stock traded down $0.16 during midday trading on Friday, reaching $20.27. The company had a trading volume of 67,582 shares, compared to its average volume of 64,161. The company has a 50 day moving average of $19.51 and a two-hundred day moving average of $19.26. The company has a market capitalization of $564.05 million, a P/E ratio of 14.08 and a beta of 1.49. North American Construction Group Ltd. has a 1 year low of $16.46 and a 1 year high of $25.92. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors 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 1.76%. This is a positive change from North American Construction Group's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, November 27th. North American Construction Group's dividend payout ratio (DPR) is currently 24.31%.

Analysts Set New Price Targets

NOA has been the topic of several recent analyst reports. CIBC raised North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research report on Thursday, December 5th. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th.

North American Construction Group 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.