Mackenzie Financial Corp Has $29.14 Million Holdings in North American Construction Group Ltd. (NYSE:NOA)

Mackenzie Financial Corp increased its holdings in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,395,919 shares of the oil and gas company’s stock after buying an additional 14,109 shares during the quarter. Mackenzie Financial Corp owned 5.22% of North American Construction Group worth $29,143,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Shell Asset Management Co. increased its holdings in North American Construction Group by 142.3% during the 3rd quarter. Shell Asset Management Co. now owns 1,929 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 1,133 shares in the last quarter. UBS Group AG grew its holdings in shares of North American Construction Group by 121.4% in the 1st quarter. UBS Group AG now owns 2,216 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 1,215 shares in the last quarter. State of Tennessee Treasury Department bought a new position in shares of North American Construction Group in the 1st quarter valued at about $40,000. JPMorgan Chase & Co. grew its holdings in shares of North American Construction Group by 114.5% in the 1st quarter. JPMorgan Chase & Co. now owns 2,831 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 1,511 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of North American Construction Group in the 1st quarter valued at about $60,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded North American Construction Group from a “hold” rating to a “buy” rating in a report on Monday, March 11th.

North American Construction Group Stock Down 0.6 %

NYSE NOA opened at $20.79 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71. North American Construction Group Ltd. has a 1-year low of $17.90 and a 1-year high of $26.30. The company has a 50 day moving average of $23.50 and a 200-day moving average of $21.93. The company has a market cap of $555.92 million, a price-to-earnings ratio of 13.33 and a beta of 1.53.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings data on Wednesday, March 13th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $239.70 million for the quarter, compared to analysts’ expectations of $229.31 million. North American Construction Group had a net margin of 6.60% and a return on equity of 22.18%. On average, equities research analysts expect that North American Construction Group Ltd. will post 2.84 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 8th were paid a $0.074 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.42%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 7th. North American Construction Group’s dividend payout ratio (DPR) is 18.59%.

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.