CenterBook Partners LP Purchases Shares of 210,273 North American Construction Group Ltd. $NOA

CenterBook Partners LP purchased a new stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the 4th quarter, Holdings Channel reports. The firm purchased 210,273 shares of the oil and gas company’s stock, valued at approximately $3,022,000.

Other large investors also recently made changes to their positions in the company. Aegis Financial Corp acquired a new stake in shares of North American Construction Group in the third quarter valued at approximately $11,965,000. Intact Investment Management Inc. increased its stake in shares of North American Construction Group by 368.0% in the fourth quarter. Intact Investment Management Inc. now owns 117,000 shares of the oil and gas company’s stock valued at $1,684,000 after purchasing an additional 92,000 shares during the period. NewGen Asset Management Ltd acquired a new stake in shares of North American Construction Group in the third quarter valued at approximately $4,719,000. Bastion Asset Management Inc. acquired a new stake in shares of North American Construction Group in the fourth quarter valued at approximately $8,475,000. Finally, CIBC Asset Management Inc increased its stake in shares of North American Construction Group by 22.3% in the fourth quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock valued at $20,812,000 after purchasing an additional 262,673 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

North American Construction Group Trading Up 2.2%

Shares of NYSE:NOA opened at $14.04 on Tuesday. The stock has a market capitalization of $380.48 million, a price-to-earnings ratio of 17.77 and a beta of 1.07. North American Construction Group Ltd. has a 1-year low of $12.07 and a 1-year high of $18.24. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.90 and a current ratio of 1.11. The company has a 50 day moving average price of $14.24 and a 200 day moving average price of $14.66.

North American Construction Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Wednesday, June 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, June 3rd. North American Construction Group’s dividend payout ratio is 44.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a research note on Thursday, May 14th. Canaccord Genuity Group upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a report on Friday, March 13th. Wall Street Zen cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. ATB Cormark Capital Markets cut shares of North American Construction Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Roth Mkm reiterated a “buy” rating and issued a $27.50 price objective on shares of North American Construction Group in a report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, North American Construction Group has a consensus rating of “Hold” and an average price target of $25.75.

North American Construction Group Profile

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.