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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation.

A number of analysts have issued reports on NOA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in North American Construction Group during the 2nd quarter worth about $122,000. Public Employees Retirement System of Ohio grew its position in shares of North American Construction Group by 16.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock worth $165,000 after buying an additional 1,474 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of North American Construction Group during the third quarter worth approximately $153,000. Quadrature Capital Ltd acquired a new stake in North American Construction Group in the second quarter valued at approximately $182,000. Finally, Lazard Asset Management LLC lifted its stake in North American Construction Group by 1,424.1% in the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after acquiring an additional 11,635 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Trading Up 0.8%

NOA opened at $13.94 on Wednesday. North American Construction Group has a 52 week low of $12.12 and a 52 week high of $22.08. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.59. The business has a fifty day simple moving average of $14.27 and a 200-day simple moving average of $14.88. The firm has a market cap of $405.23 million, a P/E ratio of 14.82 and a beta of 1.14.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). North American Construction Group had a return on equity of 13.29% and a net margin of 3.02%.The firm had revenue of $280.90 million for the quarter, compared to analyst estimates of $231.58 million. On average, equities analysts expect that North American Construction Group will post 2.56 earnings per share for the current year.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, November 26th will be given a dividend of $0.12 per share. This is an increase from North American Construction Group’s previous quarterly dividend of $0.09. 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, November 26th. North American Construction Group’s dividend payout ratio is currently 36.17%.

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.