North American Construction Group (NYSE:NOA) Stock Price Down 4.2%

Shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) fell 4.2% during trading on Friday . The stock traded as low as $19.26 and last traded at $19.26. 27,925 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 62,417 shares. The stock had previously closed at $20.10.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. TD Cowen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th.

North American Construction Group Trading Down 5.3 %

The firm’s 50-day moving average price is $20.62 and its 200-day moving average price is $21.93. The company has a quick ratio of 0.81, a current ratio of 1.04 and a debt-to-equity ratio of 1.79. The company has a market cap of $509.13 million, a P/E ratio of 14.42 and a beta of 1.48.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $220.33 million for the quarter, compared to analysts’ expectations of $217.28 million. North American Construction Group had a net margin of 5.21% and a return on equity of 19.48%. During the same period in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts expect that North American Construction Group Ltd. will post 2.99 earnings per share for the current fiscal year.

North American Construction Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, May 31st will be paid a dividend of $0.0726 per share. The ex-dividend date is Friday, May 31st. This represents a $0.29 annualized dividend and a yield of 1.53%. North American Construction Group’s dividend payout ratio is currently 21.97%.

Hedge Funds Weigh In On North American Construction Group

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in North American Construction Group by 34.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 1,615 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in North American Construction Group by 686.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock valued at $387,000 after acquiring an additional 15,213 shares in the last quarter. PenderFund Capital Management Ltd. grew its stake in North American Construction Group by 22.5% during the fourth quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock valued at $508,000 after acquiring an additional 4,480 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in North American Construction Group by 2.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 29,961 shares of the oil and gas company’s stock worth $651,000 after buying an additional 771 shares in the last quarter. Finally, Swiss National Bank grew its stake in North American Construction Group by 4.4% in the 1st quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock worth $1,109,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.