North American Construction Group Ltd. $NOA Position Trimmed by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC decreased its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 80.2% during the second quarter, Holdings Channel.com reports. The firm owned 14,873 shares of the oil and gas company’s stock after selling 60,159 shares during the period. SkyView Investment Advisors LLC’s holdings in North American Construction Group were worth $198,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CIBC Asset Management Inc grew its position in North American Construction Group by 22.3% during the fourth quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock valued at $20,812,000 after purchasing an additional 262,673 shares in the last quarter. Aegis Financial Corp lifted its position in North American Construction Group by 23.3% in the 4th quarter. Aegis Financial Corp now owns 1,038,177 shares of the oil and gas company’s stock worth $14,967,000 after buying an additional 196,243 shares in the last quarter. Cannell Capital LLC purchased a new stake in North American Construction Group in the 2nd quarter worth approximately $10,423,090. Bastion Asset Management Inc. acquired a new stake in shares of North American Construction Group during the 4th quarter valued at $8,475,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of North American Construction Group during the 2nd quarter valued at $8,029,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NOA has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research note on Thursday, August 13th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of North American Construction Group in a research note on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research report on Friday, September 4th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, North American Construction Group currently has an average rating of “Hold” and a consensus price target of $25.75.

North American Construction Group Price Performance

NYSE NOA opened at $12.94 on Tuesday. 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 capitalization of $358.57 million, a PE ratio of 16.38 and a beta of 1.07. North American Construction Group Ltd. has a 12-month low of $12.07 and a 12-month high of $17.26. The company has a 50 day moving average price of $13.68 and a two-hundred day moving average price of $14.06.

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, hitting the consensus estimate of $0.23. The company had revenue of $321.22 million for the quarter, compared to analyst estimates of $246.65 million. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. As a group, equities analysts predict that North American Construction Group Ltd. will post 0.96 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s dividend payout ratio is presently 43.04%.

North American Construction Group Profile

North American Construction Group Ltd. is a Canadian heavy construction and mining services company headquartered in Acheson, Alberta. The company provides equipment-intensive services to resource and infrastructure customers, with a particular focus on large-scale earthworks and mine development.

Its services include contract mining, mine-site development and reclamation, heavy civil construction, site preparation, road building, overburden removal, materials handling, crushing and aggregate production, and equipment rental and maintenance.