North American Construction Group Ltd. (NYSE:NOA) Given Consensus Rating of “Hold” by Brokerages

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $25.75.

A number of equities research analysts recently commented on NOA shares. BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Roth Capital reiterated a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a research report on Friday, May 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of North American Construction Group in a research note on Tuesday, June 9th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Finally, Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th.

North American Construction Group Trading Down 0.2%

Shares of NOA stock opened at $13.11 on Monday. North American Construction Group has a twelve month low of $12.07 and a twelve month high of $17.26. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. The business’s 50 day moving average is $13.66 and its two-hundred day moving average is $14.28. The company has a market capitalization of $365.51 million, a P/E ratio of 16.60 and a beta of 1.06.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. The company had revenue of $321.22 million for the quarter, compared to analysts’ expectations of $246.65 million. Equities analysts forecast that North American Construction Group will post 0.96 EPS for the current year.

North American Construction Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be given a $0.12 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.48 annualized dividend and a yield of 3.7%. North American Construction Group’s dividend payout ratio is presently 43.04%.

Institutional Investors Weigh In On North American Construction Group

Several institutional investors have recently made changes to their positions in NOA. Cannell Capital LLC purchased a new stake in North American Construction Group during the second quarter worth about $10,423,090. Connor Clark & Lunn Investment Management Ltd. purchased a new position in North American Construction Group in the second quarter valued at about $8,029,000. Bastion Asset Management Inc. purchased a new position in North American Construction Group in the fourth quarter valued at about $8,475,000. Bank of Montreal Can lifted its position in shares of North American Construction Group by 20.5% during the 3rd quarter. Bank of Montreal Can now owns 2,704,392 shares of the oil and gas company’s stock valued at $38,409,000 after acquiring an additional 459,755 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of North American Construction Group during the 4th quarter valued at approximately $4,877,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

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.