North American Construction Group (NYSE:NOA) Lowered to “Strong Sell” Rating by Zacks Research

Posted by Francis Steltz on Jun 11th, 2026

Zacks Research downgraded shares of North American Construction Group (NYSE:NOA – Free Report) (TSE:NOA) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

Several other brokerages also recently commented on NOA. Wall Street Zen downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Roth Mkm reissued a “buy” rating and issued a $27.50 price target on shares of North American Construction Group in a research note on Friday, May 15th. ATB Cormark Capital Markets downgraded North American Construction Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 28th. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research note on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, North American Construction Group presently has a consensus rating of “Hold” and a consensus price target of $25.75.

Check Out Our Latest Stock Analysis on NOA

North American Construction Group Stock Performance

Shares of North American Construction Group stock opened at $13.27 on Tuesday. The company has a market capitalization of $371.18 million, a PE ratio of 16.79 and a beta of 1.07. North American Construction Group has a 12 month low of $12.07 and a 12 month high of $18.15. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 1.80. The stock’s fifty day simple moving average is $14.25 and its 200 day simple moving average is $14.66.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Wednesday, June 3rd will be issued 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 44.30%.

Hedge Funds Weigh In On North American Construction Group

Several hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC grew its holdings in shares of North American Construction Group by 259.5% in the 1st quarter. Lazard Asset Management LLC now owns 58,124 shares of the oil and gas company’s stock valued at $784,000 after acquiring an additional 41,954 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of North American Construction Group by 65.1% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 52,605 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new position in shares of North American Construction Group in the 1st quarter valued at about $257,000. Finally, Sanctuary Advisors LLC bought a new position in shares of North American Construction Group in the 1st quarter valued at about $612,000. Institutional investors own 74.99% of the company’s stock.

About North American Construction Group

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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.