North American Construction Group Ltd. (NYSE:NOA) Shares Acquired by Claret Asset Management Corp

Claret Asset Management Corp raised its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,040,138 shares of the oil and gas company’s stock after purchasing an additional 33,881 shares during the period. North American Construction Group makes up approximately 6.9% of Claret Asset Management Corp’s investment portfolio, making the stock its biggest position. Claret Asset Management Corp owned about 0.07% of North American Construction Group worth $43,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NOA. Public Employees Retirement System of Ohio acquired a new position in shares of North American Construction Group in the 3rd quarter valued at approximately $185,000. Barclays PLC increased its position in shares of North American Construction Group by 48.1% in the 3rd quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 6,774 shares during the last quarter. Geode Capital Management LLC increased its holdings in North American Construction Group by 14.9% in the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after buying an additional 1,838 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of North American Construction Group by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company’s stock worth $1,110,000 after acquiring an additional 1,049 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in shares of North American Construction Group during the 4th quarter valued at approximately $204,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Raymond James raised shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st.

North American Construction Group Price Performance

Shares of NOA opened at $15.34 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. North American Construction Group Ltd. has a 12 month low of $13.19 and a 12 month high of $22.16. The stock has a fifty day moving average price of $16.42 and a 200 day moving average price of $18.64. The company has a market cap of $470.82 million, a P/E ratio of 10.65 and a beta of 1.16.

North American Construction Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Thursday, March 13th were paid a $0.084 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.34 annualized dividend and a dividend yield of 2.19%. North American Construction Group’s payout ratio is currently 28.70%.

About North American Construction Group

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.