Northwest & Ethical Investments L.P. Boosts Stake in North American Construction Group Ltd. (NYSE:NOA)

Northwest & Ethical Investments L.P. raised its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 122.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,612 shares of the oil and gas company’s stock after purchasing an additional 8,029 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in North American Construction Group were worth $314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC raised its position in North American Construction Group by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company’s stock valued at $1,110,000 after purchasing an additional 1,049 shares during the period. Tranquility Partners LLC raised its holdings in shares of North American Construction Group by 11.5% in the 4th quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company’s stock valued at $323,000 after buying an additional 1,538 shares during the period. Geode Capital Management LLC raised its holdings in shares of North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after buying an additional 1,838 shares during the period. Swiss National Bank raised its holdings in shares of North American Construction Group by 4.7% in the 4th quarter. Swiss National Bank now owns 49,500 shares of the oil and gas company’s stock valued at $1,066,000 after buying an additional 2,200 shares during the period. Finally, Pacific Global Investment Management Co. raised its holdings in shares of North American Construction Group by 5.3% in the 4th quarter. Pacific Global Investment Management Co. now owns 68,223 shares of the oil and gas company’s stock valued at $1,474,000 after buying an additional 3,404 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Raymond James upgraded North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, CIBC upgraded North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

North American Construction Group Trading Down 2.8 %

NOA opened at $16.11 on Friday. North American Construction Group Ltd. has a 12 month low of $15.09 and a 12 month high of $23.71. The stock has a market capitalization of $447.40 million, a price-to-earnings ratio of 11.18 and a beta of 1.42. 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 business has a fifty day moving average price of $18.48 and a 200 day moving average price of $19.17.

North American Construction Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Thursday, March 13th will be paid a dividend of $0.084 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.34 annualized dividend and a yield of 2.09%. North American Construction Group’s payout ratio is 28.70%.

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.