North American Construction Group (NYSE:NOA) Stock Price Up 5.5%

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA)’s stock price traded up 5.5% on Thursday . The stock traded as high as $20.05 and last traded at $20.00. 21,325 shares were traded during trading, a decline of 69% from the average session volume of 68,510 shares. The stock had previously closed at $18.95.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

North American Construction Group Stock Performance

The company’s 50 day simple moving average is $19.09 and its 200 day simple moving average is $21.02. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.81 and a current ratio of 1.03. The stock has a market cap of $528.32 million, a PE ratio of 14.97 and a beta of 1.50.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $201.95 million during the quarter, compared to the consensus estimate of $230.03 million. North American Construction Group had a return on equity of 21.72% and a net margin of 4.97%. Analysts expect that North American Construction Group Ltd. will post 2.95 earnings per share for the current year.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.073 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.48%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, August 30th. North American Construction Group’s payout ratio is presently 21.97%.

Hedge Funds Weigh In On North American Construction Group

Several institutional investors have recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC lifted its stake in North American Construction Group by 75.0% in the second quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company’s stock valued at $1,124,000 after purchasing an additional 25,003 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of North American Construction Group by 3.3% in the second quarter. Mackenzie Financial Corp now owns 1,232,145 shares of the oil and gas company’s stock valued at $23,762,000 after buying an additional 39,480 shares during the period. Millennium Management LLC lifted its position in shares of North American Construction Group by 240.4% during the 2nd quarter. Millennium Management LLC now owns 225,336 shares of the oil and gas company’s stock valued at $4,344,000 after buying an additional 159,142 shares during the last quarter. AYAL Capital Advisors Ltd bought a new position in shares of North American Construction Group during the 2nd quarter worth $7,375,000. Finally, Marshall Wace LLP increased its holdings in North American Construction Group by 26.7% in the 2nd quarter. Marshall Wace LLP now owns 144,838 shares of the oil and gas company’s stock worth $2,792,000 after acquiring an additional 30,535 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.

North American Construction Group Company 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.