North American Construction Group (NYSE:NOA) Stock Crosses Above 200-Day Moving Average of $22.01

Shares of North American Construction Group Ltd. (NYSE:NOAGet Free Report) (TSE:NOA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.01 and traded as high as $22.65. North American Construction Group shares last traded at $22.65, with a volume of 38,651 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Monday, March 11th.

View Our Latest Research Report on NOA

North American Construction Group Trading Up 2.7 %

The company has a debt-to-equity ratio of 1.71, a current ratio of 0.91 and a quick ratio of 0.71. The business’s 50-day moving average price is $23.79 and its two-hundred day moving average price is $22.01. The company has a market capitalization of $605.66 million, a price-to-earnings ratio of 14.52 and a beta of 1.55.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 8th will be paid a $0.074 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.31%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, March 7th. North American Construction Group’s dividend payout ratio (DPR) is 18.59%.

Institutional Trading of North American Construction Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Shell Asset Management Co. grew its stake in shares of North American Construction Group by 142.3% during the third quarter. Shell Asset Management Co. now owns 1,929 shares of the oil and gas company’s stock worth $42,000 after buying an additional 1,133 shares during the last quarter. UBS Group AG grew its stake 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 worth $32,000 after buying an additional 1,215 shares during the last quarter. State of Tennessee Treasury Department bought a new stake in shares of North American Construction Group in the first quarter worth $40,000. JPMorgan Chase & Co. grew its stake in shares of North American Construction Group by 114.5% in the first quarter. JPMorgan Chase & Co. now owns 2,831 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 1,511 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in shares of North American Construction Group in the first quarter worth $60,000. Institutional investors own 74.99% of the company’s stock.

North American Construction Group Company Profile

(Get Free Report)

North American Construction Group Ltd. provides equipment maintenance, 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.

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