Shares of North American Construction Group Ltd. (NYSE:NOA – Get Free Report) (TSE:NOA) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $25.75.
Several analysts have commented on NOA shares. ATB Cormark Capital Markets lowered shares of North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Friday, March 13th. Roth Mkm reaffirmed a “buy” rating and issued a $27.50 price objective on shares of North American Construction Group in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a research report on Tuesday, May 19th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a research note on Thursday, May 14th.
Check Out Our Latest Analysis on NOA
North American Construction Group Stock Performance
North American Construction Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Wednesday, June 3rd will be paid a $0.12 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. North American Construction Group’s dividend payout ratio (DPR) is presently 43.04%.
Hedge Funds Weigh In On North American Construction Group
Large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of North American Construction Group in the second quarter worth about $122,000. Highlander Partners L.P. purchased a new position in shares of North American Construction Group in the fourth quarter worth about $132,000. Qube Research & Technologies Ltd purchased a new position in shares of North American Construction Group in the third quarter worth about $153,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of North American Construction Group in the fourth quarter worth about $165,000. Finally, Lazard Asset Management LLC increased its stake in shares of North American Construction Group by 1,424.1% in the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after purchasing an additional 11,635 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.
North American Construction Group Company Profile
North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.
In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.
Featured Articles
- Five stocks we like better than North American Construction Group
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Receive News & Ratings for North American Construction Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Construction Group and related companies with MarketBeat.com's FREE daily email newsletter.
