CIBC Asset Management Inc Has $20.81 Million Holdings in North American Construction Group Ltd. $NOA

CIBC Asset Management Inc increased its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,442,155 shares of the oil and gas company’s stock after purchasing an additional 262,673 shares during the quarter. CIBC Asset Management Inc owned 0.05% of North American Construction Group worth $20,812,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of North American Construction Group during the 1st quarter worth approximately $476,000. Geode Capital Management LLC raised its position in North American Construction Group by 51.4% during 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 in the last quarter. Raymond James Financial Inc. bought a new stake in North American Construction Group during the second quarter worth $122,000. Bank of America Corp DE boosted its holdings in shares of North American Construction Group by 80.7% in 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 increased its stake in shares of North American Construction Group by 3.0% in 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 during the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Trading Up 4.7%

NYSE NOA opened at $14.18 on Friday. The company has a market cap of $384.14 million, a price-to-earnings ratio of 17.94 and a beta of 1.07. North American Construction Group Ltd. has a twelve month low of $12.07 and a twelve month high of $18.24. 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 fifty day moving average is $14.24 and its 200 day moving average is $14.65.

North American Construction Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Wednesday, June 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, June 3rd. North American Construction Group’s dividend payout ratio (DPR) is presently 44.30%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. ATB Cormark Capital Markets lowered North American Construction Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Friday, March 13th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of North American Construction Group in a research note on Tuesday, May 19th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, North American Construction Group has an average rating of “Hold” and an average target price of $25.75.

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.