North American Construction Group Ltd. (NOA) – What Are Analysts Saying About This Stock?

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.75.

NOA has been the topic of several recent research reports. Wall Street Zen lowered North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research upgraded shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a report on Thursday, August 13th. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a research note on Friday, September 4th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th.

North American Construction Group Price Performance

Shares of NYSE:NOA opened at $11.89 on Tuesday. The business has a 50-day moving average of $12.62 and a two-hundred day moving average of $14.02. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.07 and a quick ratio of 0.90. North American Construction Group has a fifty-two week low of $10.85 and a fifty-two week high of $17.26. The stock has a market capitalization of $328.30 million, a P/E ratio of 15.06 and a beta of 1.12.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. The company had revenue of $321.22 million for the quarter, compared to the consensus estimate of $246.65 million. On average, equities research analysts predict that North American Construction Group will post 0.90 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, August 28th were given a dividend of C$0.12 per share. The ex-dividend date was Friday, August 28th. This represents a $0.48 annualized dividend and a dividend yield of 4.0%. North American Construction Group’s dividend payout ratio (DPR) is currently 43.04%.

Hedge Funds Weigh In On North American Construction Group

Large investors have recently bought and sold shares of the company. WINTON GROUP Ltd bought a new position in North American Construction Group during the 2nd quarter worth approximately $144,000. Morgan Dempsey Capital Management LLC bought a new position in North American Construction Group in the 1st quarter valued at $257,000. Cibc World Market Inc. purchased a new stake in shares of North American Construction Group during the 2nd quarter valued at $278,000. Sanctuary Advisors LLC purchased a new position in North American Construction Group in the 1st quarter worth $612,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of North American Construction Group in the second quarter worth approximately $725,000. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Company Profile

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.