Sanctuary Advisors LLC Buys New Position in North American Construction Group Ltd. $NOA

Sanctuary Advisors LLC purchased a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,384 shares of the oil and gas company’s stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in shares of North American Construction Group during the first quarter valued at approximately $476,000. Geode Capital Management LLC boosted its stake in shares of North American Construction Group by 51.4% in the second quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock valued at $344,000 after purchasing an additional 7,300 shares during the period. Raymond James Financial Inc. purchased a new position in shares of North American Construction Group in the second quarter valued at $122,000. Bank of America Corp DE grew its holdings in North American Construction Group by 80.7% during the 2nd quarter. Bank of America Corp DE now owns 326,266 shares of the oil and gas company’s stock valued at $5,214,000 after purchasing an additional 145,745 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in North American Construction Group by 3.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock valued at $1,139,000 after purchasing an additional 2,040 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Roth Capital reaffirmed a “buy” rating and set a $27.50 price target on shares of North American Construction Group in a research note on Friday, May 15th. Zacks Research downgraded North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. ATB Cormark Capital Markets cut North American Construction Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.75.

North American Construction Group Trading Down 0.1%

NYSE:NOA opened at $13.91 on Tuesday. 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 business’s 50 day moving average is $13.69 and its two-hundred day moving average is $14.53. North American Construction Group Ltd. has a 52 week low of $12.07 and a 52 week high of $17.26. The company has a market cap of $387.70 million, a PE ratio of 17.60 and a beta of 1.06.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Wednesday, June 3rd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. North American Construction Group’s dividend payout ratio is currently 44.30%.

North American Construction Group Profile

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.