North American Construction Group Ltd. (NYSE:NOA) Given Consensus Recommendation of “Hold” by Analysts

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $25.75.

Several brokerages recently commented on NOA. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of North American Construction Group in a research report on Tuesday. Wall Street Zen downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. ATB Cormark Capital Markets downgraded North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research report on Thursday, May 14th.

North American Construction Group Stock Up 2.2%

Shares of North American Construction Group stock opened at $14.78 on Friday. North American Construction Group has a one year low of $12.07 and a one year high of $18.24. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.11 and a quick ratio of 0.90. The stock’s 50-day moving average is $14.13 and its 200 day moving average is $14.65. The firm has a market cap of $400.59 million, a price-to-earnings ratio of 18.71 and a beta of 1.11.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Wednesday, June 3rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. North American Construction Group’s dividend payout ratio (DPR) is currently 44.30%.

Hedge Funds Weigh In On North American Construction Group

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of North American Construction Group in the second quarter worth $122,000. Highlander Partners L.P. purchased a new stake in North American Construction Group during the fourth quarter valued at about $132,000. Qube Research & Technologies Ltd purchased a new stake in North American Construction Group during the third quarter valued at about $153,000. Dynamic Technology Lab Private Ltd purchased a new stake in North American Construction Group during the fourth quarter valued at about $165,000. Finally, Lazard Asset Management LLC increased its holdings in shares of North American Construction Group by 1,424.1% in the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after buying an additional 11,635 shares during the period. 74.99% of the stock is owned by institutional investors.

About North American Construction Group

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.