North American Construction Group (NYSE:NOA) Stock Price Crosses Above 200 Day Moving Average - Here's Why

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.27 and traded as high as $20.70. North American Construction Group shares last traded at $20.43, with a volume of 43,356 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cibc World Mkts raised shares of North American Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. CIBC upgraded shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a report on Thursday, December 5th.

North American Construction Group Trading Down 0.8 %

The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. The company has a market capitalization of $564.05 million, a P/E ratio of 14.08 and a beta of 1.49. The firm has a fifty day moving average price of $19.49 and a 200-day moving average price of $19.28.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th will be paid a $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from North American Construction Group's previous quarterly dividend of $0.07. North American Construction Group's dividend payout ratio is 24.31%.

Hedge Funds Weigh In On North American Construction Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. increased its holdings in 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 buying an additional 639,857 shares during the last quarter. National Bank of Canada FI increased its stake in shares of North American Construction Group by 69.1% during 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. AYAL Capital Advisors Ltd purchased a new stake in shares of North American Construction Group during the 2nd quarter worth approximately $7,375,000. Bank of Montreal Can raised its holdings in shares of 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 period. Finally, Millennium Management LLC lifted its stake in North American Construction Group by 240.4% in the second quarter. Millennium Management LLC now owns 225,336 shares of the oil and gas company's stock valued at $4,344,000 after purchasing an additional 159,142 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.