Legal & General Group Plc Has $494,000 Stake in North American Construction Group Ltd. (NYSE:NOA)

Legal & General Group Plc raised its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 35.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,919 shares of the oil and gas company’s stock after buying an additional 6,008 shares during the period. Legal & General Group Plc owned 0.08% of North American Construction Group worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in shares of North American Construction Group by 284.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company’s stock valued at $171,000 after acquiring an additional 5,884 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of North American Construction Group during the 4th quarter worth approximately $204,000. Geode Capital Management LLC raised its stake in shares of North American Construction Group by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock worth $264,000 after purchasing an additional 1,838 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of North American Construction Group in the 4th quarter valued at approximately $269,000. Finally, Northwest & Ethical Investments L.P. grew its stake in shares of North American Construction Group by 122.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company’s stock valued at $314,000 after buying an additional 8,029 shares in the last quarter. 74.99% of the stock is owned by institutional investors.

North American Construction Group Price Performance

NYSE:NOA opened at $15.25 on Wednesday. North American Construction Group Ltd. has a 12-month low of $13.19 and a 12-month high of $22.08. The firm has a market capitalization of $468.21 million, a price-to-earnings ratio of 10.59 and a beta of 1.16. The stock’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $18.47. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85.

North American Construction Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Thursday, March 13th were paid a $0.084 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, March 13th. North American Construction Group’s dividend payout ratio (DPR) is presently 28.70%.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered shares of North American Construction Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd.

About North American Construction Group

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.