TD Asset Management Inc Increases Holdings in North American Construction Group Ltd. $NOA

TD Asset Management Inc grew its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 25.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 33,646 shares of the oil and gas company’s stock after acquiring an additional 6,919 shares during the period. TD Asset Management Inc’s holdings in North American Construction Group were worth $537,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Personalized Indexing Management LLC lifted its position in shares of North American Construction Group by 35.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock valued at $268,000 after acquiring an additional 4,390 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of North American Construction Group by 16.7% in the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock valued at $165,000 after acquiring an additional 1,474 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of North American Construction Group in the first quarter valued at about $476,000. Polar Asset Management Partners Inc. lifted its position in shares of North American Construction Group by 70.3% in the first quarter. Polar Asset Management Partners Inc. now owns 1,740,985 shares of the oil and gas company’s stock valued at $27,577,000 after acquiring an additional 718,884 shares in the last quarter. Finally, AYAL Capital Advisors Ltd lifted its position in shares of North American Construction Group by 9.3% in the first quarter. AYAL Capital Advisors Ltd now owns 457,470 shares of the oil and gas company’s stock valued at $7,223,000 after acquiring an additional 38,900 shares in the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

North American Construction Group Trading Up 2.8%

Shares of NYSE NOA opened at $15.45 on Friday. The business’s 50 day moving average is $13.83 and its two-hundred day moving average is $15.31. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.94 and a quick ratio of 0.75. North American Construction Group Ltd. has a 1-year low of $12.12 and a 1-year high of $22.08. The stock has a market capitalization of $452.57 million, a P/E ratio of 17.75 and a beta of 1.21.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Wednesday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.42). North American Construction Group had a return on equity of 17.15% and a net margin of 2.82%.The company had revenue of $235.51 million for the quarter, compared to the consensus estimate of $231.51 million. As a group, research analysts expect that North American Construction Group Ltd. will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, August 29th were paid a dividend of $0.0872 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.09. This represents a $0.35 annualized dividend and a yield of 2.3%. North American Construction Group’s payout ratio is presently 40.23%.

Wall Street Analyst Weigh In

NOA has been the topic of several research analyst reports. CIBC downgraded North American Construction Group to a “neutral” rating in a research report on Friday, August 15th. Cibc World Mkts cut North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Canaccord Genuity Group cut North American Construction Group from a “buy” rating to a “hold” rating in a report on Friday, July 11th. Finally, TD Securities cut North American Construction Group from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, North American Construction Group presently has a consensus rating of “Hold”.

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.