Vanguard Personalized Indexing Management LLC Grows Stake in North American Construction Group Ltd. $NOA

Vanguard Personalized Indexing Management LLC raised its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 35.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,795 shares of the oil and gas company’s stock after purchasing an additional 4,390 shares during the quarter. Vanguard Personalized Indexing Management LLC owned about 0.06% of North American Construction Group worth $268,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position 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 purchasing an additional 52,474 shares during the period. National Bank of Canada FI raised its position 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 purchasing an additional 34,720 shares during the period. Polar Asset Management Partners Inc. raised its position in North American Construction Group by 70.3% in the first quarter. Polar Asset Management Partners Inc. now owns 1,740,985 shares of the oil and gas company’s stock valued at $27,577,000 after purchasing an additional 718,884 shares during the period. Mackenzie Financial Corp raised its position in North American Construction Group by 3.9% in the first quarter. Mackenzie Financial Corp now owns 899,609 shares of the oil and gas company’s stock valued at $14,184,000 after purchasing an additional 34,086 shares during the period. Finally, Trexquant Investment LP purchased a new position in North American Construction Group in the first quarter valued at about $498,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

North American Construction Group Stock Down 1.2%

Shares of North American Construction Group stock opened at $15.25 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $13.89 and a 200 day moving average price of $15.33. North American Construction Group Ltd. has a fifty-two week low of $12.12 and a fifty-two week high of $22.08. The firm has a market cap of $458.26 million, a P/E ratio of 17.53 and a beta of 1.21.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its 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 analyst estimates of $231.51 million. On average, sell-side analysts forecast that North American Construction Group Ltd. will post 2.56 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, August 29th were paid a $0.0872 dividend. The ex-dividend date was Friday, August 29th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.09. This represents a $0.35 dividend on an annualized basis and a yield of 2.3%. North American Construction Group’s payout ratio is presently 40.23%.

Wall Street Analyst Weigh In

NOA has been the topic of a number of analyst reports. Cibc World Mkts lowered North American Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a research report on Wednesday, October 8th. Canaccord Genuity Group lowered North American Construction Group from a “buy” rating to a “hold” rating in a research report on Friday, July 11th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Finally, CIBC lowered North American Construction Group to a “neutral” rating in a research report on Friday, August 15th. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, North American Construction Group currently has an average rating of “Hold”.

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.