Mackenzie Financial Corp Buys 14,109 Shares of North American Construction Group Ltd. (NYSE:NOA)

Mackenzie Financial Corp raised its holdings in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,395,919 shares of the oil and gas company’s stock after buying an additional 14,109 shares during the quarter. Mackenzie Financial Corp owned about 0.05% of North American Construction Group worth $29,143,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NOA. Cannell Capital LLC lifted its holdings in shares of North American Construction Group by 1.5% in the 1st quarter. Cannell Capital LLC now owns 2,589,786 shares of the oil and gas company’s stock worth $37,397,000 after acquiring an additional 37,106 shares during the last quarter. Renaissance Technologies LLC increased its position in North American Construction Group by 59.5% during the 1st quarter. Renaissance Technologies LLC now owns 771,400 shares of the oil and gas company’s stock valued at $11,156,000 after purchasing an additional 287,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in North American Construction Group by 101.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,500 shares of the oil and gas company’s stock valued at $11,819,000 after purchasing an additional 274,600 shares during the period. Fiera Capital Corp increased its position in North American Construction Group by 5.8% during the 3rd quarter. Fiera Capital Corp now owns 526,690 shares of the oil and gas company’s stock valued at $11,444,000 after purchasing an additional 28,897 shares during the period. Finally, Acadian Asset Management LLC increased its position in North American Construction Group by 24.3% during the 3rd quarter. Acadian Asset Management LLC now owns 391,650 shares of the oil and gas company’s stock valued at $8,479,000 after purchasing an additional 76,522 shares during the period. Institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Monday, March 11th.

North American Construction Group Stock Down 0.6 %

Shares of North American Construction Group stock opened at $20.79 on Thursday. The firm’s 50 day moving average price is $23.50 and its 200-day moving average price is $21.93. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.71. North American Construction Group Ltd. has a 52-week low of $17.90 and a 52-week high of $26.30. The company has a market cap of $555.92 million, a P/E ratio of 13.33 and a beta of 1.53.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Wednesday, March 13th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $239.70 million for the quarter, compared to the consensus estimate of $229.31 million. North American Construction Group had a net margin of 6.60% and a return on equity of 22.18%. On average, sell-side analysts predict that North American Construction Group Ltd. will post 2.84 EPS for the current fiscal year.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 8th were paid a $0.074 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 1.42%. North American Construction Group’s dividend payout ratio (DPR) is 18.59%.

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.