Dimensional Fund Advisors LP Has $2.97 Million Stock Holdings in North American Construction Group Ltd. (NYSE:NOA)

Dimensional Fund Advisors LP boosted its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,078 shares of the oil and gas company’s stock after purchasing an additional 5,567 shares during the quarter. Dimensional Fund Advisors LP owned about 0.58% of North American Construction Group worth $2,971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hillsdale Investment Management Inc. raised its stake in North American Construction Group by 53.6% during the 1st quarter. Hillsdale Investment Management Inc. now owns 839,759 shares of the oil and gas company’s stock worth $18,681,000 after buying an additional 293,070 shares during the period. National Bank of Canada FI raised its holdings in shares of North American Construction Group by 47.9% in the 2nd quarter. National Bank of Canada FI now owns 696,224 shares of the oil and gas company’s stock worth $13,275,000 after acquiring an additional 225,445 shares during the last quarter. CIBC Asset Management Inc lifted its position 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 valued at $22,249,000 after acquiring an additional 140,562 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of North American Construction Group by 16.9% in the fourth 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 during the last quarter. Finally, Intact Investment Management Inc. raised its position in North American Construction Group by 23.7% in the 2nd quarter. Intact Investment Management Inc. now owns 213,300 shares of the oil and gas company’s stock valued at $4,113,000 after buying an additional 40,900 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Price Performance

North American Construction Group stock opened at $18.82 on Friday. The business’s 50 day simple moving average is $18.62 and its 200 day simple moving average is $19.89. North American Construction Group Ltd. has a 12 month low of $17.16 and a 12 month high of $25.92. The company has a market cap of $503.19 million, a price-to-earnings ratio of 14.26 and a beta of 1.49. 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 (NYSE:NOA) (TSE:NOA) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. North American Construction Group had a net margin of 4.97% and a return on equity of 21.72%. The business had revenue of $201.95 million during the quarter, compared to analyst estimates of $230.03 million. Sell-side analysts forecast that North American Construction Group Ltd. will post 2.7 EPS for the current year.

North American Construction Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, August 30th were paid a $0.073 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was 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 currently 21.97%.

Analyst Upgrades and Downgrades

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

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.