377,827 Shares in North American Construction Group Ltd. (NYSE:NOA) Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 377,827 shares of the oil and gas company’s stock, valued at approximately $8,134,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR purchased a new position in North American Construction Group during the fourth quarter worth approximately $204,000. Public Employees Retirement System of Ohio purchased a new position in North American Construction Group during the third quarter worth approximately $185,000. Proficio Capital Partners LLC purchased a new position in North American Construction Group during the fourth quarter worth approximately $269,000. Geode Capital Management LLC increased its stake in North American Construction Group by 14.9% during the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock worth $264,000 after acquiring an additional 1,838 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. increased its stake in North American Construction Group by 122.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company’s stock worth $314,000 after acquiring an additional 8,029 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Trading Down 2.8 %

Shares of NYSE NOA opened at $16.11 on Friday. North American Construction Group Ltd. has a twelve month low of $15.09 and a twelve month high of $23.71. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. The stock has a fifty day simple moving average of $18.48 and a 200-day simple moving average of $19.17. The stock has a market capitalization of $447.40 million, a PE ratio of 11.18 and a beta of 1.42.

North American Construction Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th will be paid a $0.084 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.09%. North American Construction Group’s payout ratio is presently 28.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. CIBC raised North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, December 5th. Finally, Raymond James raised North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, North American Construction Group presently has a consensus rating of “Buy”.

North American Construction Group Profile

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.