North American Construction Group (NYSE:NOA) Share Price Passes Above 200 Day Moving Average of $15.57

North American Construction Group Ltd. (NYSE:NOA – Get Rating) (TSE:NOA)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.57 and traded as high as $19.29. North American Construction Group shares last traded at $19.07, with a volume of 33,997 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NOA shares. National Bank Financial increased their price target on North American Construction Group to C$27.00 in a report on Friday, February 17th. BMO Capital Markets boosted their price target on shares of North American Construction Group from C$24.00 to C$25.00 in a research note on Thursday, February 16th. StockNews.com downgraded shares of North American Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 15th. TheStreet upgraded North American Construction Group from a “c+” rating to a “b” rating in a research report on Thursday, February 16th. Finally, TD Securities cut North American Construction Group from a “buy” rating to a “hold” rating in a report on Friday, February 17th.

North American Construction Group Price Performance

The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.81. The company’s 50 day moving average is $17.85 and its 200 day moving average is $15.57. The stock has a market cap of $503.83 million, a price-to-earnings ratio of 10.31 and a beta of 1.50.

North American Construction Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.074 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 25th. North American Construction Group’s dividend payout ratio (DPR) is 15.68%.

Institutional Investors Weigh In On North American Construction Group

A number of institutional investors and hedge funds have recently modified their holdings of NOA. UBS Group AG boosted its position in North American Construction Group by 46.0% during the first quarter. UBS Group AG now owns 3,239 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 1,021 shares in the last quarter. Morgan Stanley grew its stake in North American Construction Group by 2.3% in the 4th quarter. Morgan Stanley now owns 67,143 shares of the oil and gas company’s stock valued at $898,000 after acquiring an additional 1,490 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in North American Construction Group by 114.5% during the 1st quarter. JPMorgan Chase & Co. now owns 2,831 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 1,511 shares in the last quarter. KB Financial Partners LLC raised its position in North American Construction Group by 14.3% during the first quarter. KB Financial Partners LLC now owns 12,335 shares of the oil and gas company’s stock worth $178,000 after acquiring an additional 1,545 shares during the last quarter. Finally, CWM LLC purchased a new stake in shares of North American Construction Group in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 57.19% of the company’s stock.

About North American Construction Group

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North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers mining and heavy construction services to customers in the resource development and industrial construction sectors. The firm focuses on supporting the construction and operation of surface mines in the oil sands.