ATB Cormark Capital Markets Upgrades North American Construction Group (NYSE:NOA) to Moderate Buy

North American Construction Group (NYSE:NOA) (TSE:NOA) was upgraded by ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a note issued to investors on Friday,Zacks.com reports.

NOA has been the subject of several other reports. Roth Mkm assumed coverage on North American Construction Group in a research note on Thursday, February 5th. They issued a “buy” rating and a $25.00 price objective for the company. Wall Street Zen lowered North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Friday. Loop Capital set a $24.00 price objective on shares of North American Construction Group in a research note on Friday, December 19th. Finally, Zacks Research cut shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.50.

North American Construction Group Stock Up 5.8%

North American Construction Group stock opened at $12.80 on Friday. The business has a fifty day moving average of $15.70 and a two-hundred day moving average of $14.65. North American Construction Group has a twelve month low of $12.07 and a twelve month high of $18.24. 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 firm has a market cap of $367.97 million, a P/E ratio of 16.00 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its position in North American Construction Group by 63.0% in the 4th quarter. Mackenzie Financial Corp now owns 25,836 shares of the oil and gas company’s stock worth $368,000 after purchasing an additional 9,981 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of North American Construction Group by 1.3% during the 4th quarter. SkyView Investment Advisors LLC now owns 73,616 shares of the oil and gas company’s stock valued at $1,058,000 after purchasing an additional 955 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of North American Construction Group in the 4th quarter valued at $1,705,000. Millennium Management LLC acquired a new position in shares of North American Construction Group in the 4th quarter valued at $4,877,000. Finally, Boothbay Fund Management LLC boosted its holdings in North American Construction Group by 24.0% during the fourth quarter. Boothbay Fund Management LLC now owns 20,715 shares of the oil and gas company’s stock worth $298,000 after buying an additional 4,006 shares in the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

North American Construction Group News Roundup

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

• Positive Sentiment: Canaccord Genuity upgraded NOA from “hold” to “buy,” which likely attracted buyer interest and supported the stock’s upward move.
• Positive Sentiment: Company reported record Q4 revenue (C$250.5M) and strong operational momentum, including C$57M free cash flow for the quarter — a fundamental tailwind for investor confidence. North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2025
• Positive Sentiment: Management raised FY‑2026 revenue guidance to roughly C$1.1B–C$1.2B (well above consensus ~C$914.6M), signaling stronger topline expectations that can boost multiple expansion. North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2025
• Positive Sentiment: Board declared a quarterly dividend of $0.12/share (annualized yield ~2.9%), which can attract income-oriented investors and support the share price.
• Negative Sentiment: Q4 EPS missed estimates — the company reported a loss (reported EPS around negative levels vs. consensus positive) and year‑over‑year earnings deterioration, which is a near-term headwind for sentiment. North American Construction (NOA) Reports Q4 Loss, Lags Revenue Estimates
• Negative Sentiment: BMO Capital Markets downgraded NOA from “outperform” to “market perform,” which can temper analyst-driven buying and increase short-term pressure. Finviz – NOA quote / analyst notes
• Negative Sentiment: Law firm Johnson Fistel announced an investigation into potential securities claims related to NOA’s executives, introducing litigation risk and uncertainty that could weigh on the stock. North American Construction Group Shareholders Are Encouraged to Reach Out to Johnson Fistel

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.