North American Construction Group Ltd. (NYSE:NOA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 57.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,876 shares of the oil and gas company’s stock after selling 27,377 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of North American Construction Group worth $372,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NOA. TD Asset Management Inc raised its holdings in shares of North American Construction Group by 2.4% in the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 571 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in North American Construction Group by 75.0% in the second quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company’s stock valued at $1,124,000 after buying an additional 25,003 shares in the last quarter. Marshall Wace LLP lifted its holdings in North American Construction Group by 26.7% during the 2nd quarter. Marshall Wace LLP now owns 144,838 shares of the oil and gas company’s stock worth $2,792,000 after buying an additional 30,535 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in North American Construction Group by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 154,078 shares of the oil and gas company’s stock worth $2,971,000 after buying an additional 5,567 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its position in shares of North American Construction Group by 23.7% during the 2nd quarter. Intact Investment Management Inc. now owns 213,300 shares of the oil and gas company’s stock worth $4,113,000 after acquiring an additional 40,900 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Trading Down 0.8 %

NYSE:NOA opened at $20.27 on Friday. The stock has a market capitalization of $564.05 million, a price-to-earnings ratio of 14.08 and a beta of 1.49. North American Construction Group Ltd. has a 1 year low of $16.46 and a 1 year high of $25.92. The stock has a fifty day moving average price of $19.51 and a two-hundred day moving average price of $19.28. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13.

North American Construction Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, November 27th will be given a $0.089 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 1.76%. North American Construction Group’s payout ratio is currently 24.31%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NOA. CIBC upgraded shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, December 5th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th.

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.