North American Construction Group (NYSE:NOA) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from a hold rating to a sell rating in a report published on Tuesday morning.

Separately, Raymond James cut shares of North American Construction Group from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, April 22nd.

North American Construction Group Stock Performance

NOA opened at $17.28 on Tuesday. The company has a market cap of $528.72 million, a P/E ratio of 12.00 and a beta of 1.32. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The firm’s 50-day moving average price is $15.62 and its 200-day moving average price is $18.35. North American Construction Group has a 52-week low of $13.19 and a 52-week high of $22.08.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.086 per share. This represents a $0.34 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.08. North American Construction Group’s payout ratio is presently 28.70%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NOA. Russell Investments Group Ltd. boosted its position in North American Construction Group by 284.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 5,884 shares during the last quarter. Stephens Inc. AR acquired a new stake in North American Construction Group during the 4th quarter valued at approximately $204,000. Tranquility Partners LLC lifted its stake in North American Construction Group by 4.4% during the 1st quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company’s stock valued at $246,000 after acquiring an additional 658 shares during the period. Geode Capital Management LLC lifted its stake in North American Construction Group by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after acquiring an additional 1,838 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of North American Construction Group in the 4th quarter valued at $269,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

North American Construction Group Company Profile

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.