North American Construction Group (NYSE:NOA) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of North American Construction Group (NYSE:NOAFree Report) (TSE:NOA) from a buy rating to a hold rating in a research report report published on Wednesday.

Separately, TD Cowen raised North American Construction Group from a hold rating to a buy rating in a research note on Thursday, April 18th.

Get Our Latest Stock Report on North American Construction Group

North American Construction Group Stock Down 0.5 %

Shares of North American Construction Group stock opened at $19.98 on Wednesday. North American Construction Group has a one year low of $18.30 and a one year high of $26.30. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.04 and a quick ratio of 0.81. The stock’s 50-day moving average is $20.82 and its 200 day moving average is $21.93. The firm has a market cap of $534.21 million, a price-to-earnings ratio of 15.14 and a beta of 1.48.

North American Construction Group (NYSE:NOAGet Free Report) (TSE:NOA) last announced its earnings results on Thursday, May 2nd. The oil and gas company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). North American Construction Group had a net margin of 5.21% and a return on equity of 19.48%. The business had revenue of $220.33 million for the quarter, compared to the consensus estimate of $217.28 million. During the same quarter in the previous year, the company earned $0.71 EPS. Equities research analysts anticipate that North American Construction Group will post 2.99 EPS for the current year.

North American Construction Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, May 31st will be paid a dividend of $0.0726 per share. This represents a $0.29 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, May 31st. North American Construction Group’s dividend payout ratio (DPR) is currently 21.97%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC acquired a new position in North American Construction Group during the 1st quarter worth approximately $742,000. Quadrature Capital Ltd raised its stake in shares of North American Construction Group by 1.3% in the first quarter. Quadrature Capital Ltd now owns 354,621 shares of the oil and gas company’s stock worth $7,867,000 after purchasing an additional 4,500 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of North American Construction Group by 686.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 15,213 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of North American Construction Group by 53.6% in the first quarter. Hillsdale Investment Management Inc. now owns 839,759 shares of the oil and gas company’s stock worth $18,681,000 after purchasing an additional 293,070 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of North American Construction Group by 4.4% in the first quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock worth $1,109,000 after purchasing an additional 2,100 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

About North American Construction Group

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North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.

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