North American Construction Group Ltd. (NYSE:NOA) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd trimmed its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,100 shares of the oil and gas company’s stock after selling 33,400 shares during the quarter. Cumberland Partners Ltd owned 0.41% of North American Construction Group worth $2,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its position in North American Construction Group by 686.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock worth $387,000 after buying an additional 15,213 shares during the period. TD Asset Management Inc lifted its holdings in shares of North American Construction Group by 2.4% in the second quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 571 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of North American Construction Group in the first quarter valued at about $742,000. Swiss National Bank lifted its holdings in shares of North American Construction Group by 4.4% in the first quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock valued at $1,109,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of North American Construction Group by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 79,212 shares of the oil and gas company’s stock valued at $1,765,000 after purchasing an additional 2,180 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Trading Down 1.0 %

Shares of NOA traded down $0.21 on Tuesday, hitting $20.31. 10,601 shares of the stock traded hands, compared to its average volume of 65,384. 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 $544.94 million, a P/E ratio of 14.25 and a beta of 1.48. The stock’s 50 day moving average is $18.59 and its two-hundred day moving average is $19.33. North American Construction Group Ltd. has a 1 year low of $16.46 and a 1 year high of $25.92.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.089 per share. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.36 annualized dividend and a dividend yield of 1.75%. North American Construction Group’s dividend payout ratio is presently 24.31%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

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.