Natixis Sells 1,405 Shares of North American Construction Group Ltd. (NYSE:NOA)

Natixis trimmed its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,271 shares of the oil and gas company’s stock after selling 1,405 shares during the period. Natixis’ holdings in North American Construction Group were worth $155,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NOA. Claret Asset Management Corp increased its stake in North American Construction Group by 1.7% in the fourth quarter. Claret Asset Management Corp now owns 2,040,138 shares of the oil and gas company’s stock worth $43,945,000 after purchasing an additional 33,881 shares during the period. Legal & General Group Plc lifted its holdings in North American Construction Group by 35.5% during the 4th quarter. Legal & General Group Plc now owns 22,919 shares of the oil and gas company’s stock valued at $494,000 after buying an additional 6,008 shares in the last quarter. Russell Investments Group Ltd. boosted its position in North American Construction Group by 284.3% in the 4th quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 5,884 shares during the period. Envestnet Asset Management Inc. grew its stake in North American Construction Group by 2.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 55,263 shares of the oil and gas company’s stock worth $1,194,000 after acquiring an additional 1,085 shares in the last quarter. Finally, JB Capital Partners LP bought a new stake in shares of North American Construction Group during the fourth quarter valued at approximately $432,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut North American Construction Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday.

North American Construction Group Stock Up 0.8 %

NYSE:NOA opened at $15.36 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. The firm has a market cap of $471.43 million, a PE ratio of 10.66 and a beta of 1.16. The company has a 50-day moving average of $16.07 and a 200 day moving average of $18.52. North American Construction Group Ltd. has a 1-year low of $13.19 and a 1-year high of $22.16.

North American Construction Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.084 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.19%. North American Construction Group’s dividend payout ratio is presently 28.70%.

North American Construction Group 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.