Sanctuary Advisors LLC Takes $673,000 Position in North American Construction Group Ltd. $NOA

Sanctuary Advisors LLC acquired a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 50,596 shares of the oil and gas company’s stock, valued at approximately $673,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of North American Construction Group during the second quarter valued at approximately $122,000. Highlander Partners L.P. purchased a new stake in North American Construction Group in the fourth quarter worth $132,000. Qube Research & Technologies Ltd bought a new stake in North American Construction Group during the 3rd quarter valued at $153,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of North American Construction Group in the fourth quarter worth about $165,000. Finally, Lazard Asset Management LLC increased its holdings in shares of 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 purchasing an additional 11,635 shares during the period. 74.99% of the stock is owned by institutional investors.

North American Construction Group Price Performance

North American Construction Group stock opened at $13.11 on Friday. The company has a market cap of $365.51 million, a price-to-earnings ratio of 16.60 and a beta of 1.06. North American Construction Group Ltd. has a 52-week low of $12.07 and a 52-week high of $17.26. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 2.15. The firm’s fifty day moving average is $13.66 and its 200 day moving average is $14.29.

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

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s dividend payout ratio is presently 44.30%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research note on Thursday, August 13th. Roth Capital restated a “buy” rating and set a $27.50 price target on shares of North American Construction Group in a research report on Friday, May 15th. Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of North American Construction Group in a research note on Tuesday, June 9th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.75.

North American Construction Group Company Profile

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.