North American Construction Group (NYSE:NOA) Lowered to Market Perform Rating by BMO Capital Markets

BMO Capital Markets downgraded shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from an outperform rating to a market perform rating in a research report report published on Thursday morning, MarketBeat reports.

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

North American Construction Group Price Performance

NOA stock opened at $12.11 on Thursday. 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’s 50 day moving average is $15.74 and its two-hundred day moving average is $14.64. The company has a market capitalization of $348.02 million, a PE ratio of 15.13 and a beta of 1.09. North American Construction Group has a 52-week low of $12.07 and a 52-week high of $18.24.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be paid a $0.12 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.48 dividend on an annualized basis and a yield of 4.0%. North American Construction Group’s payout ratio is 36.17%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of North American Construction Group in the second quarter valued at approximately $122,000. Highlander Partners L.P. acquired a new stake in North American Construction Group in the 4th quarter valued at $132,000. Qube Research & Technologies Ltd bought a new stake in shares of North American Construction Group in the 3rd quarter worth about $153,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of North American Construction Group in the 4th quarter worth approximately $165,000. Finally, Lazard Asset Management LLC grew its holdings in shares of 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.

More North American Construction Group News

Here are the key news stories impacting North American Construction Group this week:

• Positive Sentiment: Reported record Q4 revenue and strong operational momentum (revenue beat consensus), supporting the company’s top‑line trajectory. Read More.
• Positive Sentiment: Company issued FY‑2026 revenue guidance of roughly $1.1–$1.2 billion, well above the street’s ~$914.6M estimate, which suggests revenue growth ahead despite the headwinds. Read More.
• Positive Sentiment: Generated $57M of free cash flow in Q4, a constructive sign for balance‑sheet liquidity and the ability to fund the dividend or reduce leverage. Read More.
• Positive Sentiment: Declared a quarterly dividend (C$0.12/share; ~2.9% yield), which can support investor income demand. (Ex‑dividend date Mar 26.)
• Neutral Sentiment: Revenue beat was offset by low net margin (3.02%) and mixed profitability metrics; investors will watch margin recovery execution.
• Negative Sentiment: Reported an EPS miss for Q4 (loss per share vs. positive consensus), which triggered downside re‑rating despite revenue strength. Read More.
• Negative Sentiment: Law firm Johnson Fistel has opened an investigation into potential claims against the company’s executives, creating litigation risk and investor uncertainty. Read More.
• Negative Sentiment: BMO Capital Markets downgraded NOA from Outperform to Market Perform, which likely amplified selling pressure from institutional holders. Read More.

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.