TD Asset Management Inc Raises Holdings in North American Construction Group Ltd. $NOA

TD Asset Management Inc raised its holdings in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 25.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,646 shares of the oil and gas company’s stock after purchasing an additional 6,919 shares during the period. TD Asset Management Inc owned approximately 0.11% of North American Construction Group worth $537,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in North American Construction Group by 16.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 1,474 shares during the last quarter. Tranquility Partners LLC boosted its stake in North American Construction Group by 4.4% during the 1st quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company’s stock valued at $246,000 after purchasing an additional 658 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in North American Construction Group by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock valued at $268,000 after purchasing an additional 4,390 shares during the last quarter. Nuveen LLC purchased a new stake in North American Construction Group during the 1st quarter valued at $395,000. Finally, Jane Street Group LLC purchased a new stake in North American Construction Group during the 1st quarter valued at $476,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NOA. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. CIBC lowered North American Construction Group to a “neutral” rating in a report on Friday, August 15th. Cibc World Mkts lowered North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Canaccord Genuity Group lowered North American Construction Group from a “buy” rating to a “hold” rating in a report on Friday, July 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

North American Construction Group Price Performance

NYSE NOA opened at $15.45 on Friday. The company has a market capitalization of $452.57 million, a PE ratio of 17.75 and a beta of 1.21. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.75 and a current ratio of 0.94. The business’s fifty day moving average is $13.83 and its 200 day moving average is $15.31. North American Construction Group Ltd. has a fifty-two week low of $12.12 and a fifty-two week high of $22.08.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.42). The company had revenue of $235.51 million for the quarter, compared to analysts’ expectations of $231.51 million. North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. Sell-side analysts predict that North American Construction Group Ltd. will post 2.56 earnings per share for the current year.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, August 29th were given a dividend of $0.0872 per share. This represents a $0.35 annualized dividend and a yield of 2.3%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, August 29th. North American Construction Group’s dividend payout ratio (DPR) is presently 40.23%.

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.