North American Construction Group Ltd. (NYSE:NOA) Receives Average Rating of “Hold” from Brokerages

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $25.75.

Several research firms have recently commented on NOA. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Zacks Research lowered North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of North American Construction Group in a research report on Friday, September 4th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th.

North American Construction Group Stock Performance

Shares of NOA stock opened at $12.52 on Friday. The firm has a market cap of $345.58 million, a price-to-earnings ratio of 15.85 and a beta of 1.07. The company’s 50 day moving average is $13.56 and its 200 day moving average is $13.83. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 2.15. North American Construction Group has a 52-week low of $12.07 and a 52-week high of $17.26.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $321.22 million during the quarter, compared to analyst estimates of $246.65 million. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. On average, sell-side analysts anticipate that North American Construction Group will post 0.9 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be paid a C$0.12 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. North American Construction Group’s dividend payout ratio (DPR) is 43.04%.

Hedge Funds Weigh In On North American Construction Group

Several hedge funds have recently modified their holdings of NOA. TD Waterhouse Canada Inc. lifted its position in shares of North American Construction Group by 1.1% in the second quarter. TD Waterhouse Canada Inc. now owns 329,224 shares of the oil and gas company’s stock valued at $4,253,000 after acquiring an additional 3,737 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of North American Construction Group in the second quarter worth approximately $144,000. Savant Capital LLC purchased a new stake in shares of North American Construction Group during the fourth quarter worth approximately $215,000. Morgan Dempsey Capital Management LLC acquired a new position in North American Construction Group in the 1st quarter valued at $257,000. Finally, Cibc World Market Inc. purchased a new position in North American Construction Group in the 2nd quarter valued at $278,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd. is a Canadian heavy construction and mining services company headquartered in Acheson, Alberta. The company provides equipment-intensive services to resource and infrastructure customers, with a particular focus on large-scale earthworks and mine development.

Its services include contract mining, mine-site development and reclamation, heavy civil construction, site preparation, road building, overburden removal, materials handling, crushing and aggregate production, and equipment rental and maintenance.