National Bank of Canada FI Sells 649,973 Shares of North American Construction Group Ltd. (NYSE:NOA)

National Bank of Canada FI reduced its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 57.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 482,514 shares of the oil and gas company’s stock after selling 649,973 shares during the quarter. National Bank of Canada FI owned about 1.80% of North American Construction Group worth $10,058,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Shell Asset Management Co. raised its position in shares of North American Construction Group by 142.3% in the third quarter. Shell Asset Management Co. now owns 1,929 shares of the oil and gas company’s stock worth $42,000 after buying an additional 1,133 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of North American Construction Group by 34.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 1,615 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of North American Construction Group by 80.1% during the third quarter. New York State Common Retirement Fund now owns 8,947 shares of the oil and gas company’s stock worth $194,000 after purchasing an additional 3,980 shares in the last quarter. Tacita Capital Inc bought a new position in shares of North American Construction Group in the third quarter worth approximately $484,000. Finally, TD Asset Management Inc purchased a new stake in North American Construction Group in the third quarter valued at approximately $499,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Trading Down 0.3 %

NYSE NOA opened at $20.43 on Thursday. The stock has a 50-day moving average of $22.54 and a 200-day moving average of $21.86. The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 1.79. North American Construction Group Ltd. has a 1-year low of $18.02 and a 1-year high of $26.30. The firm has a market cap of $546.30 million, a PE ratio of 15.48 and a beta of 1.52.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its earnings results on Thursday, May 2nd. The oil and gas company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $220.33 million during the quarter, compared to analysts’ expectations of $217.28 million. North American Construction Group had a return on equity of 19.48% and a net margin of 5.21%. During the same period in the previous year, the firm earned $0.71 earnings per share. As a group, sell-side analysts forecast that North American Construction Group Ltd. will post 2.84 EPS for the current year.

North American Construction Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, May 31st will be paid a $0.0726 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.29 annualized dividend and a dividend yield of 1.42%. North American Construction Group’s payout ratio is presently 21.97%.

Wall Street Analysts Forecast Growth

NOA has been the subject of a number of research reports. TD Cowen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. StockNews.com lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

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.