Intact Investment Management Inc. Acquires 9,400 Shares of North American Construction Group Ltd. (NYSE:NOA)

Intact Investment Management Inc. increased its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 5.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 177,400 shares of the oil and gas company’s stock after acquiring an additional 9,400 shares during the quarter. Intact Investment Management Inc.’s holdings in North American Construction Group were worth $3,823,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in North American Construction Group by 15.3% in the 3rd quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company’s stock worth $40,519,000 after acquiring an additional 285,225 shares during the last quarter. Polar Asset Management Partners Inc. increased its holdings in North American Construction Group by 59.8% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company’s stock worth $31,981,000 after acquiring an additional 639,857 shares during the last quarter. CIBC Asset Management Inc increased its holdings in North American Construction Group by 11.9% in the 3rd quarter. CIBC Asset Management Inc now owns 1,291,883 shares of the oil and gas company’s stock worth $24,167,000 after acquiring an additional 137,327 shares during the last quarter. National Bank of Canada FI increased its holdings in North American Construction Group by 69.1% in the 3rd quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company’s stock worth $22,012,000 after acquiring an additional 480,885 shares during the last quarter. Finally, Alberta Investment Management Corp increased its holdings in North American Construction Group by 7.2% in the 4th quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company’s stock worth $22,774,000 after acquiring an additional 71,454 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James raised North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. CIBC raised North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

North American Construction Group Stock Up 4.7 %

NOA stock opened at $16.74 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $464.90 million, a PE ratio of 11.62 and a beta of 1.42. North American Construction Group Ltd. has a twelve month low of $15.62 and a twelve month high of $23.75. The stock has a 50-day simple moving average of $19.00 and a two-hundred day simple moving average of $19.28.

North American Construction Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.084 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.01%. North American Construction Group’s dividend payout ratio (DPR) is presently 22.92%.

North American Construction Group Company Profile

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.