Bank of Montreal Can Buys 98,646 Shares of North American Construction Group Ltd. $NOA

Bank of Montreal Can grew its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 4.6% during the 2nd quarter, Holdings Channel reports. The firm owned 2,244,637 shares of the oil and gas company’s stock after purchasing an additional 98,646 shares during the quarter. Bank of Montreal Can owned approximately 0.07% of North American Construction Group worth $35,941,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NOA. Public Employees Retirement System of Ohio raised its stake 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 during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in North American Construction Group by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock worth $268,000 after acquiring an additional 4,390 shares during the last quarter. Nuveen LLC acquired a new stake in North American Construction Group during the 1st quarter valued at $395,000. Jane Street Group LLC acquired a new stake in North American Construction Group during the 1st quarter valued at $476,000. Finally, Trexquant Investment LP bought a new position in North American Construction Group in the 1st quarter valued at $498,000. 74.99% of the stock is owned by institutional investors.

North American Construction Group Stock Performance

Shares of NYSE:NOA opened at $13.99 on Friday. The stock has a market capitalization of $420.26 million, a P/E ratio of 16.07 and a beta of 1.29. North American Construction Group Ltd. has a 1-year low of $12.12 and a 1-year high of $22.08. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $14.23 and a two-hundred day moving average price of $15.35.

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

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, August 29th were given a dividend of $0.0872 per share. This represents a $0.35 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, August 29th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.09. North American Construction Group’s dividend payout ratio is presently 39.08%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NOA shares. Canaccord Genuity Group cut North American Construction Group from a “buy” rating to a “hold” rating in a report on Friday, July 11th. TD Securities lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Atb Cap Markets lowered shares of North American Construction Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, CIBC lowered shares of North American Construction Group to a “neutral” rating in a report on Friday, August 15th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, North American Construction Group 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.