North American Construction Group Ltd. (NYSE:NOA) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its stake in North American Construction Group Ltd. (NYSE:NOAGet Rating) (TSE:NOA) by 6,133.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,233,640 shares of the oil and gas company’s stock after acquiring an additional 1,213,850 shares during the period. Bank of Montreal Can owned 4.25% of North American Construction Group worth $14,174,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NOA. UBS Group AG raised its holdings in shares of North American Construction Group by 121.4% during the first quarter. UBS Group AG now owns 2,216 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 1,215 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of North American Construction Group by 114.5% during the first quarter. JPMorgan Chase & Co. now owns 2,831 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 1,511 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of North American Construction Group by 53.7% during the second quarter. Lazard Asset Management LLC now owns 3,946 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 1,379 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of North American Construction Group during the first quarter valued at approximately $84,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of North American Construction Group during the first quarter valued at approximately $149,000. Institutional investors own 55.27% of the company’s stock.

North American Construction Group Trading Up 2.4 %

North American Construction Group stock opened at $13.35 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.87 and a current ratio of 1.15. The firm has a market cap of $379.67 million, a price-to-earnings ratio of 9.40 and a beta of 1.49. North American Construction Group Ltd. has a 1 year low of $9.20 and a 1 year high of $16.12. The firm’s 50 day moving average price is $11.36 and its two-hundred day moving average price is $11.62.

North American Construction Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Wednesday, November 30th will be given a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.23 annualized dividend and a yield of 1.74%. North American Construction Group’s dividend payout ratio (DPR) is 17.61%.

Analyst Ratings Changes

Several equities research analysts recently commented on NOA shares. StockNews.com raised North American Construction Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 5th. Raymond James dropped their target price on North American Construction Group to C$22.00 in a report on Thursday, July 28th. Canaccord Genuity Group dropped their target price on North American Construction Group from C$26.00 to C$22.00 in a report on Monday, August 1st. Atb Cap Markets cut North American Construction Group from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 28th. Finally, BMO Capital Markets boosted their target price on North American Construction Group to C$20.00 in a report on Thursday, October 27th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.83.

About North American Construction Group

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North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.

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Institutional Ownership by Quarter for North American Construction Group (NYSE:NOA)

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