North American Construction Group (NYSE:NOA) Stock Moved Up to “Moderate Buy” by ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from a hold rating to a moderate buy rating in a report published on Monday,Zacks reports.

Several other research firms also recently weighed in on NOA. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a report on Thursday, August 13th. Wall Street Zen downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of North American Construction Group in a research note on Friday, September 4th. Finally, Zacks Research upgraded shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.75.

North American Construction Group Trading Up 4.5%

NOA opened at $11.89 on Monday. The stock has a 50-day moving average of $12.62 and a 200 day moving average of $14.02. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. North American Construction Group has a 12 month low of $10.85 and a 12 month high of $17.26. The firm has a market cap of $328.30 million, a P/E ratio of 15.06 and a beta of 1.12.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $321.22 million for the quarter, compared to the consensus estimate of $246.65 million. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. As a group, research analysts forecast that North American Construction Group will post 0.90 EPS for the current year.

North American Construction Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, August 28th were given a C$0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, August 28th. North American Construction Group’s dividend payout ratio is 43.04%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NOA. WINTON GROUP Ltd bought a new position in shares of North American Construction Group during the second quarter valued at approximately $144,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of North American Construction Group during the 1st quarter worth approximately $257,000. Cibc World Market Inc. bought a new stake in shares of North American Construction Group during the 2nd quarter worth approximately $278,000. Sanctuary Advisors LLC purchased a new position in North American Construction Group during the 1st quarter valued at $612,000. Finally, OneDigital Investment Advisors LLC purchased a new position in North American Construction Group during the 2nd quarter valued at $725,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

About North American Construction Group

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.