Triasima Portfolio Management inc. Has $1.19 Million Stock Holdings in North American Construction Group Ltd. (NYSE:NOA)

Triasima Portfolio Management inc. trimmed its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 83.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,744 shares of the oil and gas company’s stock after selling 301,018 shares during the quarter. Triasima Portfolio Management inc.’s holdings in North American Construction Group were worth $1,190,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NOA. CANADA LIFE ASSURANCE Co raised its stake in shares of North American Construction Group by 686.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock worth $387,000 after buying an additional 15,213 shares during the last quarter. PenderFund Capital Management Ltd. raised its position in shares of North American Construction Group by 22.5% in the 4th quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock valued at $508,000 after acquiring an additional 4,480 shares during the period. TD Asset Management Inc boosted its stake in North American Construction Group by 2.4% during the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 571 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in North American Construction Group in the first quarter valued at approximately $742,000. Finally, Swiss National Bank raised its holdings in North American Construction Group by 4.4% in the first quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock worth $1,109,000 after purchasing an additional 2,100 shares during the period. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Stock Down 5.7 %

Shares of NYSE:NOA traded down $1.10 during trading on Friday, hitting $18.05. 82,819 shares of the company’s stock traded hands, compared to its average volume of 68,416. The company has a 50-day moving average price of $19.08 and a 200-day moving average price of $20.83. North American Construction Group Ltd. has a 52 week low of $17.16 and a 52 week high of $25.92. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 1.82. The company has a market cap of $482.60 million, a price-to-earnings ratio of 13.67 and a beta of 1.49.

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

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be issued a $0.073 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change 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 21.97%.

Wall Street Analysts Forecast Growth

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

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.