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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $24.50.

Several equities analysts have recently commented on the company. BMO Capital Markets lowered North American Construction Group from an “outperform” rating to a “market perform” rating in a report on Thursday, March 12th. Zacks Research downgraded North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. ATB Cormark Capital Markets upgraded North American Construction Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 13th. Loop Capital set a $24.00 price objective on North American Construction Group in a research note on Friday, December 19th. Finally, Wall Street Zen lowered North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th.

North American Construction Group Trading Up 2.0%

NYSE NOA opened at $13.58 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.70 and a current ratio of 0.88. North American Construction Group has a one year low of $12.07 and a one year high of $18.24. The company has a 50-day simple moving average of $15.21 and a 200-day simple moving average of $14.65. The firm has a market capitalization of $387.30 million, a PE ratio of 16.98 and a beta of 1.20.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, March 26th. North American Construction Group’s dividend payout ratio (DPR) is 43.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SkyView Investment Advisors LLC increased its stake in shares of North American Construction Group by 1.3% in the fourth quarter. SkyView Investment Advisors LLC now owns 73,616 shares of the oil and gas company’s stock valued at $1,058,000 after purchasing an additional 955 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of North American Construction Group by 0.4% during the third quarter. TD Waterhouse Canada Inc. now owns 279,428 shares of the oil and gas company’s stock worth $4,074,000 after buying an additional 1,153 shares during the period. TD Asset Management Inc grew its holdings in North American Construction Group by 3.5% in the 4th quarter. TD Asset Management Inc now owns 34,555 shares of the oil and gas company’s stock worth $498,000 after buying an additional 1,178 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in North American Construction Group by 16.3% in the 3rd quarter. Boothbay Fund Management LLC now owns 16,709 shares of the oil and gas company’s stock worth $237,000 after buying an additional 2,339 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in North American Construction Group by 29.9% in the 4th quarter. Lazard Asset Management LLC now owns 16,170 shares of the oil and gas company’s stock valued at $232,000 after acquiring an additional 3,718 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

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.