Aegis Financial Corp Purchases New Stake in North American Construction Group Ltd. $NOA

Aegis Financial Corp acquired a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 841,934 shares of the oil and gas company’s stock, valued at approximately $11,965,000. North American Construction Group comprises 4.6% of Aegis Financial Corp’s investment portfolio, making the stock its 9th biggest position. Aegis Financial Corp owned 2.80% of North American Construction Group at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NOA. CIBC Asset Management Inc lifted its position in shares of 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 buying an additional 393,679 shares during the last quarter. TD Waterhouse Canada Inc. grew its position 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 last quarter. Bank of America Corp DE raised its stake in North American Construction Group by 80.7% during the second quarter. Bank of America Corp DE now owns 326,266 shares of the oil and gas company’s stock worth $5,214,000 after acquiring an additional 145,745 shares during the period. Bank of Montreal Can lifted its holdings in 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 worth $35,941,000 after acquiring an additional 98,646 shares during the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in North American Construction Group by 31.2% in the second quarter. Intact Investment Management Inc. now owns 233,600 shares of the oil and gas company’s stock worth $3,737,000 after acquiring an additional 55,600 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.

North American Construction Group Trading Up 1.3%

North American Construction Group stock opened at $16.61 on Friday. North American Construction Group Ltd. has a 12-month low of $12.12 and a 12-month high of $18.31. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73. The stock has a market capitalization of $477.54 million, a PE ratio of 17.67 and a beta of 1.15. The firm has a 50 day simple moving average of $15.27 and a 200-day simple moving average of $14.48.

Analyst Ratings Changes

Several equities analysts have recently commented on NOA shares. Zacks Research lowered North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Loop Capital set a $24.00 price objective on North American Construction Group in a research note on Friday, December 19th. ATB Cormark Capital Markets reaffirmed a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Wall Street Zen upgraded North American Construction Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. Finally, Roth Mkm assumed coverage on shares of North American Construction Group in a research report on Thursday, February 5th. They set a “buy” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, North American Construction Group currently has a consensus rating of “Hold” and an average target price of $24.50.

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.