Quadrature Capital Ltd Increases Stock Position in North American Construction Group Ltd. (NYSE:NOA)

Quadrature Capital Ltd raised its position in North American Construction Group Ltd. (NYSE:NOAFree Report) (TSE:NOA) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,121 shares of the oil and gas company’s stock after acquiring an additional 50,721 shares during the quarter. Quadrature Capital Ltd owned approximately 1.31% of North American Construction Group worth $7,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NOA. Shell Asset Management Co. increased its holdings in North American Construction Group by 142.3% during the 3rd quarter. Shell Asset Management Co. now owns 1,929 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 1,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of North American Construction Group by 34.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock valued at $133,000 after buying an additional 1,615 shares during the period. New York State Common Retirement Fund raised its holdings in shares of 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 acquiring an additional 3,980 shares in the last quarter. Tacita Capital Inc purchased a new stake in North American Construction Group in the third quarter worth $484,000. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in North American Construction Group by 25.4% in the third quarter. Campbell & CO Investment Adviser LLC now owns 29,952 shares of the oil and gas company’s stock valued at $651,000 after acquiring an additional 6,070 shares in the last quarter. 74.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NOA has been the subject of several research analyst reports. StockNews.com raised shares of North American Construction Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 11th. TD Cowen upgraded North American Construction Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th.

Get Our Latest Stock Report on NOA

North American Construction Group Stock Down 1.1 %

Shares of North American Construction Group stock traded down $0.22 during trading on Friday, hitting $20.62. The company’s stock had a trading volume of 19,790 shares, compared to its average volume of 55,253. North American Construction Group Ltd. has a 52 week low of $18.30 and a 52 week high of $26.30. The company has a market capitalization of $551.38 million, a PE ratio of 15.62 and a beta of 1.48. The company has a fifty day simple moving average of $21.06 and a two-hundred day simple moving average of $21.88. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.81 and a current ratio of 1.04.

North American Construction Group (NYSE:NOAGet Free Report) (TSE:NOA) last announced its earnings results on Thursday, May 2nd. The oil and gas company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $220.33 million for the quarter, compared to the consensus estimate of $217.28 million. North American Construction Group had a net margin of 5.21% and a return on equity of 19.48%. During the same period in the prior year, the business posted $0.71 EPS. Equities research analysts predict that North American Construction Group Ltd. will post 2.99 earnings per share for the current year.

North American Construction Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, May 31st will be paid a $0.0726 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.29 annualized dividend and a dividend yield of 1.41%. North American Construction Group’s dividend payout ratio is presently 21.97%.

North American Construction Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for North American Construction Group (NYSE:NOA)

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