North American Construction Group (NYSE:NOA) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Posted by George Bondi on Oct 29th, 2026

North American Construction Group Ltd. (NYSE:NOA – Get Free Report) (TSE:NOA)’s share price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $12.56 and traded as high as $12.68. North American Construction Group shares last traded at $12.6550, with a volume of 82,442 shares.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a report on Friday, September 4th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Zacks Research upgraded shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Finally, ATB Cormark Capital Markets raised shares of North American Construction Group from a “hold” rating to a “moderate buy” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.75.

Read Our Latest Research Report on NOA

North American Construction Group Trading Up 2.9%

The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 2.15. The firm has a market cap of $349.28 million, a price-to-earnings ratio of 16.02 and a beta of 1.12. The business’s fifty day moving average is $12.56 and its two-hundred day moving average is $14.00.

North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) last posted its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. The firm had revenue of $321.22 million during the quarter, compared to analysts’ expectations of $246.65 million. Equities analysts anticipate that North American Construction Group Ltd. will post 0.90 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, August 28th were paid a C$0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is 43.04%.

Institutional Investors Weigh In On North American Construction Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Cannell Capital LLC acquired a new position in shares of North American Construction Group during the second quarter valued at $10,423,090. Connor Clark & Lunn Investment Management Ltd. bought a new position in North American Construction Group in the second quarter valued at about $8,029,000. Arrowstreet Capital Limited Partnership boosted its holdings in North American Construction Group by 65.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 402,413 shares of the oil and gas company’s stock valued at $5,430,000 after acquiring an additional 158,731 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in North American Construction Group by 1.1% in the second quarter. TD Waterhouse Canada Inc. now owns 329,224 shares of the oil and gas company’s stock worth $4,253,000 after purchasing an additional 3,737 shares during the period. Finally, Bank of America Corp DE acquired a new stake in North American Construction Group in the second quarter worth about $3,045,000. Institutional investors own 74.99% of the company’s stock.

About North American Construction Group

(Get Free Report)

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.