Intact Investment Management Inc. Sells 45,300 Shares of North American Construction Group Ltd. (NYSE:NOA)

Intact Investment Management Inc. trimmed its stake in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 21.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,000 shares of the oil and gas company's stock after selling 45,300 shares during the period. Intact Investment Management Inc. owned approximately 0.63% of North American Construction Group worth $3,142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted its holdings in shares of North American Construction Group by 686.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company's stock valued at $387,000 after buying an additional 15,213 shares during the period. TD Asset Management Inc raised its holdings in North American Construction Group by 2.4% in the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company's stock worth $476,000 after purchasing an additional 571 shares during the period. SkyView Investment Advisors LLC bought a new position in North American Construction Group in the 1st quarter worth $742,000. Swiss National Bank lifted its position in 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. Finally, Janney Montgomery Scott LLC grew 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 purchasing an additional 2,180 shares during the period. Institutional investors own 74.99% of the company's stock.

North American Construction Group Price Performance

NOA stock traded up $0.67 during mid-day trading on Tuesday, hitting $20.85. The company had a trading volume of 63,525 shares, compared to its average volume of 65,276. The company has a 50-day moving average price of $18.45 and a 200 day moving average price of $19.35. North American Construction Group Ltd. has a 12-month low of $16.46 and a 12-month high of $25.92. The company has a market capitalization of $559.41 million, a price-to-earnings ratio of 14.49 and a beta of 1.48. 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 Increases Dividend

The company 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 1.71%. This is a boost from North American Construction Group's previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, November 27th. North American Construction Group's dividend payout ratio is 20.14%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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.