Tranquility Partners LLC Increases Stock Position in North American Construction Group Ltd. (NYSE:NOA)

Tranquility Partners LLC increased its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 4.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,584 shares of the oil and gas company’s stock after buying an additional 658 shares during the period. Tranquility Partners LLC’s holdings in North American Construction Group were worth $246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of North American Construction Group by 2.3% during the fourth quarter. Hsbc Holdings PLC now owns 39,965 shares of the oil and gas company’s stock valued at $862,000 after acquiring an additional 898 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in North American Construction Group by 4.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,850 shares of the oil and gas company’s stock worth $451,000 after purchasing an additional 974 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in North American Construction Group by 2.0% during 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 purchasing an additional 1,085 shares during the last quarter. Swiss National Bank boosted its stake in shares of North American Construction Group by 4.7% during the 4th quarter. Swiss National Bank now owns 49,500 shares of the oil and gas company’s stock valued at $1,066,000 after buying an additional 2,200 shares during the last quarter. Finally, Pacific Global Investment Management Co. grew its position in shares of North American Construction Group by 5.3% during the fourth quarter. Pacific Global Investment Management Co. now owns 68,223 shares of the oil and gas company’s stock worth $1,474,000 after buying an additional 3,404 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

NOA has been the topic of several recent analyst reports. Raymond James Financial cut shares of North American Construction Group from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded shares of North American Construction Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st.

North American Construction Group Trading Up 2.7%

Shares of NYSE NOA opened at $16.76 on Friday. The stock has a market capitalization of $493.25 million, a P/E ratio of 16.59 and a beta of 1.28. The stock’s 50 day moving average price is $16.70 and its two-hundred day moving average price is $17.82. The company has a quick ratio of 0.74, a current ratio of 0.92 and a debt-to-equity ratio of 1.44. North American Construction Group Ltd. has a 52-week low of $13.19 and a 52-week high of $22.08.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 4th will be given a dividend of $0.086 per share. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, June 4th. North American Construction Group’s dividend payout ratio is currently 34.65%.

About North American Construction Group

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.