PDT Partners LLC Makes New Investment in North American Construction Group Ltd. $NOA

PDT Partners LLC purchased a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the second quarter, HoldingsChannel reports. The firm purchased 63,988 shares of the oil and gas company’s stock, valued at approximately $851,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SkyView Investment Advisors LLC raised its position in North American Construction Group by 1.3% in the 4th quarter. SkyView Investment Advisors LLC now owns 73,616 shares of the oil and gas company’s stock valued at $1,058,000 after buying an additional 955 shares during the last quarter. TD Asset Management Inc increased its holdings in North American Construction Group by 3.5% in the 4th quarter. TD Asset Management Inc now owns 34,555 shares of the oil and gas company’s stock worth $498,000 after acquiring an additional 1,178 shares during the last quarter. Boothbay Fund Management LLC raised its position in shares of North American Construction Group by 16.3% in the third quarter. Boothbay Fund Management LLC now owns 16,709 shares of the oil and gas company’s stock valued at $237,000 after purchasing an additional 2,339 shares during the period. Lazard Asset Management LLC raised its holdings in North American Construction Group by 29.9% during the 4th quarter. Lazard Asset Management LLC now owns 16,170 shares of the oil and gas company’s stock valued at $232,000 after acquiring an additional 3,718 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in North American Construction Group by 51.4% during the 2nd quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock worth $344,000 after purchasing an additional 7,300 shares in the last quarter. 74.99% of the stock is owned by institutional investors.

North American Construction Group Trading Up 1.8%

NOA opened at $13.54 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 2.15. The stock has a market cap of $377.63 million, a PE ratio of 17.15 and a beta of 1.06. The business has a 50 day moving average of $13.67 and a 200-day moving average of $14.30. North American Construction Group Ltd. has a 52 week low of $12.07 and a 52 week high of $17.26.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. The firm had revenue of $321.22 million for the quarter, compared to the consensus estimate of $246.65 million. Equities research analysts predict that North American Construction Group Ltd. will post 0.96 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, August 28th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is 44.30%.

Analysts Set New Price Targets

NOA has been the topic of several recent analyst reports. Roth Capital reiterated a “buy” rating and issued a $27.50 target price on shares of North American Construction Group in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research note on Tuesday, June 9th. Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. Finally, BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, North American Construction Group currently has a consensus rating of “Hold” and an average price target of $25.75.

North American Construction Group Company Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.