North American Construction Group (NYSE:NOA) Sees Large Volume Increase

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) shares saw unusually-strong trading volume on Friday . Approximately 90,209 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 68,070 shares.The stock last traded at $18.77 and had previously closed at $18.42.

Wall Street Analyst Weigh In

Several analysts have commented on NOA shares. StockNews.com lowered North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. TD Cowen upgraded North American Construction Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th.

North American Construction Group Price Performance

The stock’s fifty day moving average price is $19.34 and its 200-day moving average price is $21.32. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.03 and a quick ratio of 0.81. The firm has a market cap of $506.67 million, a PE ratio of 14.32 and a beta of 1.50.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.073 per share. The ex-dividend date is Friday, August 30th. This represents a $0.29 dividend on an annualized basis and a yield of 1.54%. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s payout ratio is 21.97%.

Hedge Funds Weigh In On North American Construction Group

Institutional investors have recently bought and sold shares of the company. TD Asset Management Inc increased its holdings in North American Construction Group by 2.4% in the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 571 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of North American Construction Group by 34.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock valued at $133,000 after purchasing an additional 1,615 shares in the last quarter. Swiss National Bank increased its stake in North American Construction Group by 4.4% during the 1st quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock worth $1,109,000 after buying an additional 2,100 shares during the period. Janney Montgomery Scott LLC lifted its holdings in North American Construction Group by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 79,212 shares of the oil and gas company’s stock worth $1,765,000 after buying an additional 2,180 shares in the last quarter. Finally, PenderFund Capital Management Ltd. increased its position in shares of North American Construction Group by 22.5% during the fourth quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock worth $508,000 after acquiring an additional 4,480 shares during the period. 74.99% of the stock is owned by hedge funds and other institutional investors.

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.