K.J. Harrison & Partners Inc Increases Holdings in North American Construction Group Ltd. (NYSE:NOA)

K.J. Harrison & Partners Inc grew its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 27.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 126,500 shares of the oil and gas company’s stock after acquiring an additional 27,500 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in North American Construction Group were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. lifted its holdings in North American Construction Group by 142.3% in the third quarter. Shell Asset Management Co. now owns 1,929 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 1,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of North American Construction Group by 34.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock worth $133,000 after buying an additional 1,615 shares during the last quarter. New York State Common Retirement Fund grew its position in North American Construction Group by 80.1% during the third quarter. New York State Common Retirement Fund now owns 8,947 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 3,980 shares during the period. Tacita Capital Inc purchased a new stake in North American Construction Group during the third quarter valued at approximately $484,000. Finally, TD Asset Management Inc bought a new position in North American Construction Group in the third quarter worth approximately $499,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

North American Construction Group Price Performance

Shares of NYSE NOA traded up $0.29 during midday trading on Friday, reaching $22.08. The stock had a trading volume of 36,264 shares, compared to its average volume of 65,818. The company has a market capitalization of $590.42 million, a price-to-earnings ratio of 14.16 and a beta of 1.53. North American Construction Group Ltd. has a 12-month low of $18.02 and a 12-month high of $26.30. The stock has a 50-day moving average of $23.19 and a 200-day moving average of $21.92. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.71 and a current ratio of 0.91.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings results on Wednesday, March 13th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. North American Construction Group had a return on equity of 22.18% and a net margin of 6.60%. The business had revenue of $239.70 million during the quarter, compared to analyst estimates of $229.31 million. As a group, research analysts anticipate that North American Construction Group Ltd. will post 2.84 EPS for the current fiscal year.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 8th were paid a dividend of $0.074 per share. This represents a $0.30 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio (DPR) is 18.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NOA shares. TD Cowen raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. StockNews.com upgraded North American Construction Group from a “hold” rating to a “buy” rating in a research report on Monday, March 11th.

About North American Construction Group

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.