Barclays PLC Acquires 6,774 Shares of North American Construction Group Ltd. (NYSE:NOA)

Barclays PLC raised its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 48.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,867 shares of the oil and gas company’s stock after acquiring an additional 6,774 shares during the quarter. Barclays PLC owned approximately 0.08% of North American Construction Group worth $390,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NOA. Polar Asset Management Partners Inc. lifted its stake in North American Construction Group by 59.8% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company’s stock valued at $31,981,000 after purchasing an additional 639,857 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of North American Construction Group by 69.1% during the third quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company’s stock worth $22,012,000 after buying an additional 480,885 shares in the last quarter. AYAL Capital Advisors Ltd acquired a new position in shares of North American Construction Group during the second quarter worth $7,375,000. Bank of Montreal Can lifted its stake in shares of North American Construction Group by 15.3% in the 3rd quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company’s stock valued at $40,519,000 after acquiring an additional 285,225 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of North American Construction Group by 240.4% during the 2nd quarter. Millennium Management LLC now owns 225,336 shares of the oil and gas company’s stock valued at $4,344,000 after acquiring an additional 159,142 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

North American Construction Group Price Performance

Shares of NYSE:NOA opened at $21.77 on Friday. 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 Ltd. has a 52 week low of $16.46 and a 52 week high of $25.92. The firm has a market cap of $606.38 million, a PE ratio of 15.12 and a beta of 1.49. The firm’s fifty day moving average is $20.33 and its 200-day moving average is $19.34.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.089 per share. The ex-dividend date was Wednesday, November 27th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 1.64%. North American Construction Group’s payout ratio is presently 24.31%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. CIBC raised North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, December 5th.

North American Construction Group 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.