OneDigital Investment Advisors LLC purchased a new stake in North American Construction Group Ltd. (NYSE:NOA – Free Report) (TSE:NOA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,534 shares of the oil and gas company’s stock, valued at approximately $725,000. OneDigital Investment Advisors LLC owned approximately 0.20% of North American Construction Group as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Intact Investment Management Inc. increased its holdings in North American Construction Group by 368.0% during the fourth quarter. Intact Investment Management Inc. now owns 117,000 shares of the oil and gas company’s stock worth $1,684,000 after buying an additional 92,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of North American Construction Group by 65.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 402,413 shares of the oil and gas company’s stock worth $5,430,000 after purchasing an additional 158,731 shares during the last quarter. Bastion Asset Management Inc. acquired a new position in shares of North American Construction Group during the 4th quarter worth about $8,475,000. CIBC Asset Management Inc raised its holdings in shares of North American Construction Group by 22.3% in the 4th quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock valued at $20,812,000 after purchasing an additional 262,673 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of North American Construction Group by 35.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 200,248 shares of the oil and gas company’s stock valued at $2,699,000 after purchasing an additional 52,605 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.
North American Construction Group Stock Performance
NOA opened at $13.67 on Wednesday. The business has a fifty day simple moving average of $13.67 and a 200 day simple moving average of $14.39. The company has a market capitalization of $381.15 million, a PE ratio of 17.31 and a beta of 1.06. North American Construction Group Ltd. has a 1 year low of $12.07 and a 1 year high of $17.26. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.07 and a quick ratio of 0.90.
North American Construction Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, August 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. North American Construction Group’s dividend payout ratio (DPR) is currently 44.30%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on NOA shares. ATB Cormark Capital Markets downgraded North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Roth Capital 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. BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Finally, Zacks Research cut North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.75.
Read Our Latest Stock Report on North American Construction Group
About North American Construction Group
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.
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