North American Construction Group (NYSE:NOA) Sees Large Volume Increase

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) saw unusually-strong trading volume on Friday . Approximately 68,673 shares traded hands during trading, an increase of 8% from the previous session’s volume of 63,547 shares.The stock last traded at $19.82 and had previously closed at $19.89.

Analyst Ratings Changes

A number of analysts have recently issued reports on NOA shares. TD Cowen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. StockNews.com lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th.

North American Construction Group Price Performance

The company has a debt-to-equity ratio of 1.79, a current ratio of 1.04 and a quick ratio of 0.81. The firm has a fifty day moving average of $20.32 and a two-hundred day moving average of $21.87. The stock has a market capitalization of $534.27 million, a P/E ratio of 15.07 and a beta of 1.50.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Thursday, May 2nd. The oil and gas company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The firm had revenue of $220.33 million during the quarter, compared to the consensus estimate of $217.28 million. North American Construction Group had a return on equity of 19.48% and a net margin of 5.21%. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, analysts predict that North American Construction Group Ltd. will post 2.99 EPS for the current year.

North American Construction Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, May 31st will be issued a $0.0726 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.29 dividend on an annualized basis and a yield of 1.45%. North American Construction Group’s dividend payout ratio is presently 21.97%.

Hedge Funds Weigh In On North American Construction Group

Large investors have recently added to or reduced their stakes in the company. Cannell Capital LLC grew its stake in shares of North American Construction Group by 7.2% during the fourth quarter. Cannell Capital LLC now owns 1,478,914 shares of the oil and gas company’s stock worth $30,835,000 after acquiring an additional 98,926 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of North American Construction Group by 1.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,395,919 shares of the oil and gas company’s stock worth $29,143,000 after acquiring an additional 14,109 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of North American Construction Group by 53.6% during the first quarter. Hillsdale Investment Management Inc. now owns 839,759 shares of the oil and gas company’s stock worth $18,681,000 after acquiring an additional 293,070 shares during the last quarter. Quadrature Capital Ltd grew its stake in shares of North American Construction Group by 1.3% during the first quarter. Quadrature Capital Ltd now owns 354,621 shares of the oil and gas company’s stock worth $7,867,000 after acquiring an additional 4,500 shares during the last quarter. Finally, K.J. Harrison & Partners Inc grew its stake in shares of North American Construction Group by 69.7% during the first quarter. K.J. Harrison & Partners Inc now owns 214,700 shares of the oil and gas company’s stock worth $4,773,000 after acquiring an additional 88,200 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

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.