North American Construction Group Ltd. (NYSE:NOA) Shares Purchased by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC increased its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 75.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,322 shares of the oil and gas company’s stock after purchasing an additional 25,003 shares during the period. SkyView Investment Advisors LLC owned 0.22% of North American Construction Group worth $1,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc grew its stake in shares of North American Construction Group by 2.4% in the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 571 shares during the period. Swiss National Bank raised its position in North American Construction Group by 4.4% in the first quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock valued at $1,109,000 after purchasing an additional 2,100 shares during the period. Janney Montgomery Scott LLC raised its position in North American Construction Group by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 79,212 shares of the oil and gas company’s stock valued at $1,765,000 after purchasing an additional 2,180 shares during the period. PenderFund Capital Management Ltd. grew its holdings in shares of North American Construction Group by 22.5% during the 4th quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock worth $508,000 after purchasing an additional 4,480 shares during the period. Finally, Quadrature Capital Ltd increased its position in shares of North American Construction Group by 1.3% during the 1st quarter. Quadrature Capital Ltd now owns 354,621 shares of the oil and gas company’s stock worth $7,867,000 after purchasing an additional 4,500 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd.

North American Construction Group Stock Up 2.3 %

North American Construction Group stock opened at $18.78 on Friday. The company has a market capitalization of $502.12 million, a PE ratio of 14.23 and a beta of 1.49. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.80 and a current ratio of 1.03. North American Construction Group Ltd. has a fifty-two week low of $17.16 and a fifty-two week high of $25.92. The firm has a 50 day moving average price of $18.74 and a 200 day moving average price of $20.15.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. North American Construction Group had a return on equity of 21.72% and a net margin of 4.97%. The firm had revenue of $201.95 million for the quarter, compared to the consensus estimate of $230.03 million. Research analysts expect that North American Construction Group Ltd. will post 2.7 earnings per share for the current year.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be paid a $0.073 dividend. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, August 30th. This represents a $0.29 annualized dividend and a dividend yield of 1.55%. North American Construction Group’s dividend payout ratio (DPR) is presently 21.97%.

North American Construction Group 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.