North American Construction Group Ltd. (NYSE:NOA) Given Average Recommendation of “Hold” by Brokerages

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has been assigned a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.00.

NOA has been the subject of a number of research reports. ATB Capital restated a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. Loop Capital set a $24.00 price objective on shares of North American Construction Group in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. Wall Street Zen cut North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th.

Institutional Trading of North American Construction Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in North American Construction Group during the second quarter worth $122,000. Public Employees Retirement System of Ohio grew its stake in shares of North American Construction Group by 16.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 1,474 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of North American Construction Group in the third quarter valued at about $153,000. Quadrature Capital Ltd bought a new position in shares of North American Construction Group during the second quarter valued at about $182,000. Finally, Lazard Asset Management LLC boosted its holdings in North American Construction Group by 1,424.1% during the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after purchasing an additional 11,635 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

North American Construction Group Stock Up 1.0%

Shares of North American Construction Group stock opened at $15.16 on Friday. The stock’s 50-day moving average is $14.07 and its 200 day moving average is $14.48. North American Construction Group has a one year low of $12.12 and a one year high of $21.73. The firm has a market cap of $440.71 million, a price-to-earnings ratio of 16.12 and a beta of 1.16. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $280.90 million during the quarter, compared to analyst estimates of $231.58 million. North American Construction Group had a net margin of 3.02% and a return on equity of 13.29%. Equities research analysts anticipate that North American Construction Group will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, November 26th were issued a $0.12 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.09. North American Construction Group’s dividend payout ratio (DPR) is currently 36.17%.

About North American Construction Group

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.