North American Construction Group (NYSE:NOA) Stock Passes Above Two Hundred Day Moving Average of $21.05

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.05 and traded as high as $21.41. North American Construction Group shares last traded at $20.82, with a volume of 44,798 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on NOA shares. TD Cowen reaffirmed a “hold” rating on shares of North American Construction Group in a research report on Thursday, September 28th. TD Securities cut North American Construction Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Canaccord Genuity Group raised their target price on North American Construction Group from $30.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, StockNews.com initiated coverage on North American Construction Group in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, North American Construction Group has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

North American Construction Group Trading Down 2.7 %

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 0.82. The company has a fifty day moving average of $22.28 and a 200-day moving average of $21.05. The firm has a market capitalization of $556.71 million, a PE ratio of 11.90 and a beta of 1.59.

North American Construction Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.072 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.29 annualized dividend and a yield of 1.38%. North American Construction Group’s dividend payout ratio (DPR) is currently 17.14%.

Hedge Funds Weigh In On North American Construction Group

Several institutional investors have recently bought and sold shares of the stock. TD Asset Management Inc bought a new position in North American Construction Group during the third quarter valued at about $499,000. Mackenzie Financial Corp increased its stake in shares of North American Construction Group by 13.5% in the third quarter. Mackenzie Financial Corp now owns 1,381,810 shares of the oil and gas company’s stock worth $29,116,000 after purchasing an additional 164,823 shares during the period. Barclays PLC increased its stake in shares of North American Construction Group by 1,187.9% in the second quarter. Barclays PLC now owns 4,907 shares of the oil and gas company’s stock worth $94,000 after purchasing an additional 4,526 shares during the period. Osaic Holdings Inc. increased its stake in shares of North American Construction Group by 1,102.0% in the second quarter. Osaic Holdings Inc. now owns 3,618 shares of the oil and gas company’s stock worth $69,000 after purchasing an additional 3,317 shares during the period. Finally, SkyView Investment Advisors LLC increased its stake in shares of North American Construction Group by 98.8% in the second quarter. SkyView Investment Advisors LLC now owns 29,190 shares of the oil and gas company’s stock worth $558,000 after purchasing an additional 14,506 shares during the period. 61.68% of the stock is currently owned by institutional investors.

About North American Construction Group

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. Its 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; and Equipment Maintenance services.