North American Construction Group (NYSE:NOA) Shares Gap Up to $20.79

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $20.79, but opened at $21.37. North American Construction Group shares last traded at $21.37, with a volume of 7,620 shares trading hands.

Wall Street Analysts Forecast Growth

NOA has been the topic of several recent analyst reports. TD Cowen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Thursday. StockNews.com upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Monday, March 11th.

North American Construction Group Stock Performance

The firm has a market capitalization of $549.77 million, a PE ratio of 13.18 and a beta of 1.53. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.71 and a current ratio of 0.91. The company’s fifty day moving average price is $23.39 and its two-hundred day moving average price is $21.92.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its earnings results on Wednesday, March 13th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $239.70 million during the quarter, compared to the consensus estimate of $229.31 million. North American Construction Group had a net margin of 6.60% and a return on equity of 22.18%. As a group, equities analysts expect that North American Construction Group Ltd. will post 2.84 earnings per share for the current year.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 8th were given a dividend of $0.074 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio is 18.59%.

Institutional Trading of North American Construction Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd increased its position in North American Construction Group by 16.9% during the 4th quarter. Quadrature Capital Ltd now owns 350,121 shares of the oil and gas company’s stock worth $7,322,000 after purchasing an additional 50,721 shares in the last quarter. Legal & General Group Plc grew its position in North American Construction Group by 6.4% in the fourth quarter. Legal & General Group Plc now owns 18,373 shares of the oil and gas company’s stock valued at $385,000 after acquiring an additional 1,100 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in North American Construction Group in the fourth quarter valued at approximately $417,000. Prelude Capital Management LLC grew its position in North American Construction Group by 8.7% in the fourth quarter. Prelude Capital Management LLC now owns 163,208 shares of the oil and gas company’s stock valued at $3,403,000 after acquiring an additional 13,130 shares in the last quarter. Finally, Cannell Capital LLC grew its position in North American Construction Group by 7.2% in the fourth quarter. Cannell Capital LLC now owns 1,478,914 shares of the oil and gas company’s stock valued at $30,835,000 after acquiring an additional 98,926 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.