Polar Asset Management Partners Inc. Trims Stock Holdings in North American Construction Group Ltd. $NOA

Posted by Geri Gentry on Jul 27th, 2026

Polar Asset Management Partners Inc. lessened its holdings in North American Construction Group Ltd. (NYSE:NOA – Free Report) (TSE:NOA) by 41.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 310,000 shares of the oil and gas company’s stock after selling 217,336 shares during the period. Polar Asset Management Partners Inc.’s holdings in North American Construction Group were worth $4,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intact Investment Management Inc. lifted its stake in shares of North American Construction Group by 368.0% during the 4th quarter. Intact Investment Management Inc. now owns 117,000 shares of the oil and gas company’s stock worth $1,684,000 after purchasing an additional 92,000 shares during the last quarter. Bastion Asset Management Inc. purchased a new position in North American Construction Group in the fourth quarter valued at about $8,475,000. CIBC Asset Management Inc raised its holdings in North American Construction Group by 22.3% in the fourth quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock worth $20,812,000 after purchasing an additional 262,673 shares in the last quarter. Aegis Financial Corp raised its holdings in North American Construction Group by 23.3% in the fourth quarter. Aegis Financial Corp now owns 1,038,177 shares of the oil and gas company’s stock worth $14,967,000 after purchasing an additional 196,243 shares in the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of North American Construction Group during the fourth quarter valued at about $3,022,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. BMO Capital Markets reiterated a “market perform” rating on shares of North American Construction Group in a research note on Thursday, May 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. Roth Capital restated a “buy” rating and issued a $27.50 target price on shares of North American Construction Group in a research note on Friday, May 15th. Finally, Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Two investment 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’s stock. Based on data from MarketBeat, North American Construction Group currently has an average rating of “Hold” and a consensus target price of $25.75.

View Our Latest Research Report on North American Construction Group

North American Construction Group Trading Up 0.1%

North American Construction Group stock opened at $13.94 on Monday. The stock has a 50-day moving average of $13.72 and a two-hundred day moving average of $14.53. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.90 and a current ratio of 1.11. North American Construction Group Ltd. has a one year low of $12.07 and a one year high of $17.26. The stock has a market cap of $388.54 million, a PE ratio of 17.64 and a beta of 1.06.

North American Construction Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Wednesday, June 3rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. North American Construction Group’s dividend payout ratio (DPR) is presently 44.30%.

About North American Construction Group

(Free Report)

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.