North American Construction Group Ltd. (NYSE:NOA) Shares Purchased by Swiss National Bank

Swiss National Bank grew its stake in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,500 shares of the oil and gas company’s stock after acquiring an additional 2,200 shares during the quarter. Swiss National Bank owned about 0.18% of North American Construction Group worth $1,066,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Polar Asset Management Partners Inc. lifted its stake in shares of North American Construction Group by 59.8% in the third quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company’s stock worth $31,981,000 after acquiring an additional 639,857 shares in the last quarter. National Bank of Canada FI lifted its holdings in North American Construction Group by 69.1% in 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 acquiring an additional 480,885 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in North American Construction Group by 31.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company’s stock valued at $9,194,000 after purchasing an additional 101,400 shares during the period. Alberta Investment Management Corp grew its position in shares of North American Construction Group by 7.2% during the fourth quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company’s stock worth $22,774,000 after acquiring an additional 71,454 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of North American Construction Group in the fourth quarter valued at approximately $269,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NOA. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Raymond James raised North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, CIBC upgraded North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, North American Construction Group presently has an average rating of “Buy”.

North American Construction Group Trading Down 0.3 %

North American Construction Group stock opened at $16.04 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. The business’s 50-day simple moving average is $18.04 and its 200-day simple moving average is $19.09. The firm has a market capitalization of $445.59 million, a PE ratio of 11.14 and a beta of 1.42. North American Construction Group Ltd. has a 52 week low of $15.09 and a 52 week high of $23.71.

North American Construction Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Thursday, March 13th will be paid a $0.084 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a yield of 2.09%. North American Construction Group’s payout ratio is currently 28.70%.

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.