North American Construction Group (NYSE:NOA) Upgraded at Raymond James

Raymond James upgraded shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from a moderate buy rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. CIBC raised 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 report on Thursday, December 5th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

North American Construction Group Stock Down 2.8 %

NYSE:NOA opened at $20.34 on Tuesday. North American Construction Group has a one year low of $16.46 and a one year high of $25.92. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. The company has a market cap of $565.02 million, a PE ratio of 14.12 and a beta of 1.46. The firm’s 50 day simple moving average is $20.67 and its 200 day simple moving average is $19.46.

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 given a dividend of $0.089 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.36 annualized dividend and a dividend yield of 1.75%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio is currently 25.69%.

Institutional Investors Weigh In On North American Construction Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC grew its holdings in shares of North American Construction Group by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company’s stock worth $1,110,000 after purchasing an additional 1,049 shares in the last quarter. Geode Capital Management LLC grew its stake in North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock worth $264,000 after buying an additional 1,838 shares in the last quarter. PDT Partners LLC increased its holdings in shares of North American Construction Group by 45.6% in the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock worth $321,000 after buying an additional 5,371 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 valued at $2,971,000 after buying an additional 5,567 shares in the last quarter. Finally, 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 last quarter. 74.99% of the stock is currently owned by institutional investors.

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.