Geode Capital Management LLC Increases Stake in North American Construction Group Ltd. (NYSE:NOA)

Geode Capital Management LLC lifted its stake in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,138 shares of the oil and gas company’s stock after acquiring an additional 1,838 shares during the period. Geode Capital Management LLC owned 0.05% of North American Construction Group worth $264,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in shares of North American Construction Group during the 3rd quarter worth about $185,000. PDT Partners LLC lifted its holdings in shares of North American Construction Group by 45.6% during the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock worth $321,000 after acquiring an additional 5,371 shares during the period. Barclays PLC lifted its holdings in shares of North American Construction Group by 48.1% during the 3rd quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock worth $390,000 after acquiring an additional 6,774 shares during the period. TD Asset Management Inc lifted its holdings in shares of North American Construction Group by 2.4% during the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 571 shares during the period. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of North American Construction Group by 75.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company’s stock worth $1,124,000 after acquiring an additional 25,003 shares during the period. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

North American Construction Group Trading Up 0.1 %

NYSE NOA opened at $20.31 on Tuesday. North American Construction Group Ltd. has a one year low of $16.46 and a one year high of $25.92. The company’s 50 day moving average price is $20.63 and its 200 day moving average price is $19.39. 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 firm has a market capitalization of $564.21 million, a price-to-earnings ratio of 14.10 and a beta of 1.46.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, November 27th were issued a $0.089 dividend. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.36 annualized dividend and a yield of 1.75%. North American Construction Group’s dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analysts Forecast Growth

NOA has been the topic of several research reports. CIBC upgraded shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a 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 report 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.