North American Construction Group (NYSE:NOA) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.39 and traded as high as $20.63. North American Construction Group shares last traded at $20.31, with a volume of 38,831 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. CIBC upgraded shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, December 5th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th.

North American Construction Group Trading Up 1.3 %

The firm has a market capitalization of $587.27 million, a price-to-earnings ratio of 14.68 and a beta of 1.46. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. The company has a 50-day moving average price of $20.63 and a 200-day moving average price of $19.41.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, November 27th were issued a $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.68%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, November 27th. North American Construction Group’s dividend payout ratio is 25.00%.

Institutional Trading of North American Construction Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of North American Construction Group in the 3rd quarter valued at $185,000. Geode Capital Management LLC boosted its stake in North American Construction Group by 14.9% in the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after acquiring an additional 1,838 shares in the last quarter. PDT Partners LLC grew its holdings in shares of North American Construction Group by 45.6% during the third quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 5,371 shares during the last quarter. Barclays PLC grew its holdings in shares of North American Construction Group by 48.1% during the third quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 6,774 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in shares of North American Construction Group by 75.0% during the second quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company’s stock worth $1,124,000 after purchasing an additional 25,003 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.