North American Construction Group (NYSE:NOA) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks reports.

Other research analysts also recently issued reports about the company. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research note on Thursday, August 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of North American Construction Group in a research note on Friday, September 4th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.75.

North American Construction Group Stock Performance

Shares of NOA stock opened at $12.86 on Tuesday. The company has a market capitalization of $356.43 million, a price-to-earnings ratio of 16.28 and a beta of 1.07. North American Construction Group has a 1-year low of $12.07 and a 1-year high of $17.26. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. The stock’s fifty day simple moving average is $13.67 and its 200-day simple moving average is $14.01.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $321.22 million during the quarter, compared to analyst estimates of $246.65 million. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. On average, sell-side analysts predict that North American Construction Group will post 0.96 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is currently 43.04%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. WINTON GROUP Ltd bought a new stake in shares of North American Construction Group in the second quarter valued at about $144,000. Stephens Inc. AR bought a new position in North American Construction Group during the fourth quarter valued at about $190,000. Savant Capital LLC acquired a new position in North American Construction Group in the 4th quarter valued at approximately $215,000. Morgan Dempsey Capital Management LLC acquired a new position in North American Construction Group in the 1st quarter valued at approximately $257,000. Finally, Cibc World Market Inc. bought a new stake in shares of North American Construction Group in the 2nd quarter worth approximately $278,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd. is a Canadian heavy construction and mining services company headquartered in Acheson, Alberta. The company provides equipment-intensive services to resource and infrastructure customers, with a particular focus on large-scale earthworks and mine development.

Its services include contract mining, mine-site development and reclamation, heavy civil construction, site preparation, road building, overburden removal, materials handling, crushing and aggregate production, and equipment rental and maintenance.