North American Construction Group Ltd. $NOA Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its holdings in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 89.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the oil and gas company’s stock after selling 208,600 shares during the period. Intact Investment Management Inc. owned 0.08% of North American Construction Group worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted its stake in shares of North American Construction Group by 35.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock worth $268,000 after purchasing an additional 4,390 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of North American Construction Group by 4.6% during the 2nd quarter. Bank of Montreal Can now owns 2,244,637 shares of the oil and gas company’s stock valued at $35,941,000 after buying an additional 98,646 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of North American Construction Group by 106,111.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 278,275 shares of the oil and gas company’s stock valued at $4,463,000 after buying an additional 278,013 shares during the period. Public Employees Retirement System of Ohio lifted its position in North American Construction Group by 16.7% during 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. Finally, Timelo Investment Management Inc. purchased a new position in North American Construction Group in the 2nd quarter worth approximately $247,000. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NOA. Weiss Ratings reiterated a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Wall Street Zen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday. Loop Capital set a $24.00 price objective on shares of North American Construction Group in a report on Friday, December 19th. Finally, ATB Capital reissued a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.00.

North American Construction Group Trading Down 0.6%

NYSE:NOA opened at $15.05 on Tuesday. The company has a market cap of $436.57 million, a PE ratio of 16.01 and a beta of 1.16. The business’s 50 day moving average is $14.40 and its two-hundred day moving average is $14.39. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.59. North American Construction Group Ltd. has a 52 week low of $12.12 and a 52 week high of $20.29.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted 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 firm had revenue of $280.90 million for 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%. On average, analysts predict that North American Construction Group Ltd. will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

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

North American Construction Group Company Profile

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.