North American Construction Group Ltd. (NYSE:NOA) Receives $25.75 Consensus Target Price from Analysts

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $25.75.

Several research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a research note on Thursday, July 9th. Roth Capital restated a “buy” rating and issued a $27.50 price objective on shares of North American Construction Group in a report on Friday, May 15th. ATB Cormark Capital Markets cut shares of North American Construction Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a research report on Thursday, May 14th.

North American Construction Group Price Performance

Shares of NOA stock opened at $13.26 on Friday. The stock has a 50-day moving average price of $13.87 and a 200 day moving average price of $14.57. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 1.80. The firm has a market cap of $369.55 million, a price-to-earnings ratio of 16.78 and a beta of 1.06. North American Construction Group has a 12 month low of $12.07 and a 12 month high of $17.26.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Wednesday, June 3rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.6%. North American Construction Group’s payout ratio is 44.30%.

Hedge Funds Weigh In On North American Construction Group

Several hedge funds have recently added to or reduced their stakes in NOA. Intact Investment Management Inc. increased its stake in shares of North American Construction Group by 368.0% in the 4th quarter. Intact Investment Management Inc. now owns 117,000 shares of the oil and gas company’s stock valued at $1,684,000 after acquiring an additional 92,000 shares during the last quarter. Bastion Asset Management Inc. acquired a new position in North American Construction Group during the fourth quarter valued at approximately $8,475,000. CIBC Asset Management Inc grew its holdings in North American Construction Group by 22.3% during the fourth quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock valued at $20,812,000 after purchasing an additional 262,673 shares during the period. Aegis Financial Corp increased its stake in North American Construction Group by 23.3% in the fourth quarter. Aegis Financial Corp now owns 1,038,177 shares of the oil and gas company’s stock valued at $14,967,000 after purchasing an additional 196,243 shares in the last quarter. Finally, CenterBook Partners LP bought a new stake in North American Construction Group in the fourth quarter valued at approximately $3,022,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.