Public Employees Retirement System of Ohio Buys 1,474 Shares of North American Construction Group Ltd. $NOA

Public Employees Retirement System of Ohio boosted its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,307 shares of the oil and gas company’s stock after acquiring an additional 1,474 shares during the period. Public Employees Retirement System of Ohio’s holdings in North American Construction Group were worth $165,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in North American Construction Group by 20.8% in the first quarter. American Century Companies Inc. now owns 304,698 shares of the oil and gas company’s stock valued at $4,804,000 after acquiring an additional 52,474 shares during the last quarter. National Bank of Canada FI boosted its holdings in North American Construction Group by 2.6% in the first quarter. National Bank of Canada FI now owns 1,368,520 shares of the oil and gas company’s stock valued at $21,560,000 after acquiring an additional 34,720 shares during the last quarter. Polar Asset Management Partners Inc. boosted its holdings in shares of North American Construction Group by 70.3% during the 1st quarter. Polar Asset Management Partners Inc. now owns 1,740,985 shares of the oil and gas company’s stock worth $27,577,000 after buying an additional 718,884 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of North American Construction Group by 3.9% during the 1st quarter. Mackenzie Financial Corp now owns 899,609 shares of the oil and gas company’s stock worth $14,184,000 after buying an additional 34,086 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of North American Construction Group during the 1st quarter worth approximately $395,000. 74.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NOA shares. TD Securities cut North American Construction Group from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Zacks Research cut North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 26th. Cibc World Mkts cut North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Canaccord Genuity Group cut North American Construction Group from a “buy” rating to a “hold” rating in a report on Friday, July 11th. Finally, CIBC cut North American Construction Group to a “neutral” rating in a report on Friday, August 15th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, North American Construction Group presently has a consensus rating of “Reduce”.

North American Construction Group Trading Up 2.9%

NYSE NOA opened at $14.75 on Tuesday. The firm has a market capitalization of $445.16 million, a P/E ratio of 16.95 and a beta of 1.21. The business has a fifty day simple moving average of $14.06 and a 200 day simple moving average of $15.42. North American Construction Group Ltd. has a 12 month low of $12.12 and a 12 month high of $22.08. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.57.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.42). North American Construction Group had a net margin of 2.82% and a return on equity of 17.15%. The company had revenue of $235.51 million during the quarter, compared to analysts’ expectations of $231.51 million. On average, analysts predict that North American Construction Group Ltd. will post 2.56 EPS for the current fiscal year.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, August 29th were given a dividend of $0.0872 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.35 annualized dividend and a dividend yield of 2.4%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.09. North American Construction Group’s payout ratio is 40.23%.

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.