North American Construction Group Ltd. (NYSE:NOA) Receives $24.50 Average Target Price from Analysts

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have been assigned an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $24.50.

NOA has been the subject of several recent analyst reports. Roth Mkm initiated coverage on North American Construction Group in a research note on Thursday. They set a “buy” rating and a $25.00 price objective for the company. ATB Capital reaffirmed 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 target on shares of North American Construction Group in a report on Friday, December 19th. Wall Street Zen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. Finally, Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd.

North American Construction Group Stock Performance

NYSE NOA opened at $16.05 on Thursday. North American Construction Group has a twelve month low of $12.12 and a twelve month high of $19.33. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.59. The stock has a market cap of $461.44 million, a P/E ratio of 17.07 and a beta of 1.15. The company’s 50-day simple moving average is $14.63 and its 200 day simple moving average is $14.38.

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

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, November 26th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.48 dividend on an annualized basis and a yield of 3.0%. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.09. North American Construction Group’s payout ratio is 36.17%.

Institutional Trading of North American Construction Group

Several large investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its stake in shares of North American Construction Group by 35.4% in 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 acquiring an additional 4,390 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of North American Construction Group by 4.6% in the second 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 purchasing an additional 98,646 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of North American Construction Group by 106,111.8% in the second quarter. TD Waterhouse Canada Inc. now owns 278,275 shares of the oil and gas company’s stock valued at $4,463,000 after purchasing an additional 278,013 shares in the last quarter. CIBC Asset Management Inc raised its position in North American Construction Group by 50.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,179,482 shares of the oil and gas company’s stock worth $16,763,000 after purchasing an additional 393,679 shares during the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in North American Construction Group by 31.2% during the 2nd quarter. Intact Investment Management Inc. now owns 233,600 shares of the oil and gas company’s stock worth $3,737,000 after buying an additional 55,600 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

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.