North American Construction Group (NYSE:NOA) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from a hold rating to a sell rating in a report published on Tuesday.

Separately, Raymond James lowered North American Construction Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, April 22nd.

North American Construction Group Trading Up 1.2%

Shares of NOA opened at $16.41 on Tuesday. North American Construction Group has a 12 month low of $13.19 and a 12 month high of $22.08. The stock’s 50-day moving average is $15.59 and its two-hundred day moving average is $18.36. 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 stock has a market cap of $503.82 million, a PE ratio of 11.40 and a beta of 1.32.

North American Construction Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Thursday, March 13th were issued a $0.084 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.34 annualized dividend and a yield of 2.05%. North American Construction Group’s dividend payout ratio is presently 28.70%.

Institutional Investors Weigh In On North American Construction Group

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its holdings in North American Construction Group by 20.8% in the first quarter. American Century Companies Inc. now owns 304,698 shares of the oil and gas company’s stock valued at $4,804,000 after buying an additional 52,474 shares during the last quarter. Nuveen LLC bought a new stake in shares of North American Construction Group in the 1st quarter valued at approximately $395,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of North American Construction Group by 0.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 428,800 shares of the oil and gas company’s stock valued at $6,762,000 after acquiring an additional 1,647 shares during the last quarter. National Bank of Canada FI raised its position in shares of North American Construction Group by 2.6% during the 1st quarter. National Bank of Canada FI now owns 1,368,520 shares of the oil and gas company’s stock valued at $21,560,000 after acquiring an additional 34,720 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in North American Construction Group by 3.9% during the first quarter. Mackenzie Financial Corp now owns 899,609 shares of the oil and gas company’s stock worth $14,184,000 after purchasing an additional 34,086 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

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.