North American Construction Group Ltd. (NYSE:NOA) Stake Raised by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,688 shares of the oil and gas company’s stock after acquiring an additional 571 shares during the quarter. TD Asset Management Inc owned about 0.09% of North American Construction Group worth $476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOA. Hillsdale Investment Management Inc. raised its position in North American Construction Group by 53.6% in the first quarter. Hillsdale Investment Management Inc. now owns 839,759 shares of the oil and gas company’s stock worth $18,681,000 after acquiring an additional 293,070 shares in the last quarter. CIBC Asset Management Inc increased its stake in North American Construction Group by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 1,154,556 shares of the oil and gas company’s stock worth $22,249,000 after purchasing an additional 140,562 shares in the last quarter. Cannell Capital LLC increased its stake in North American Construction Group by 7.2% in the 4th quarter. Cannell Capital LLC now owns 1,478,914 shares of the oil and gas company’s stock worth $30,835,000 after purchasing an additional 98,926 shares in the last quarter. K.J. Harrison & Partners Inc increased its stake in North American Construction Group by 69.7% in the 1st quarter. K.J. Harrison & Partners Inc now owns 214,700 shares of the oil and gas company’s stock worth $4,773,000 after purchasing an additional 88,200 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in North American Construction Group by 16.9% in the 4th quarter. Quadrature Capital Ltd now owns 350,121 shares of the oil and gas company’s stock worth $7,322,000 after purchasing an additional 50,721 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Trading Up 0.4 %

Shares of NOA opened at $18.19 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 1.82. North American Construction Group Ltd. has a 1-year low of $17.16 and a 1-year high of $25.92. The business’s 50-day moving average price is $18.92 and its 200 day moving average price is $20.56. The stock has a market capitalization of $486.35 million, a P/E ratio of 13.78 and a beta of 1.49.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its earnings results on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. North American Construction Group had a return on equity of 21.72% and a net margin of 4.97%. The company had revenue of $201.95 million for the quarter, compared to analysts’ expectations of $230.03 million. Analysts expect that North American Construction Group Ltd. will post 2.95 earnings per share for the current year.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.073 per share. This represents a $0.29 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s payout ratio is 21.97%.

Analyst Ratings Changes

Separately, StockNews.com cut North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd.

North American Construction Group Company Profile

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.