Mackenzie Financial Corp Sells 97,899 Shares of North American Construction Group Ltd. $NOA

Mackenzie Financial Corp decreased its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 801,710 shares of the oil and gas company’s stock after selling 97,899 shares during the period. Mackenzie Financial Corp owned about 2.66% of North American Construction Group worth $12,837,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NOA. Public Employees Retirement System of Ohio increased its holdings in shares of North American Construction Group by 16.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 1,474 shares during the last quarter. Quadrature Capital Ltd bought a new position in North American Construction Group during the second quarter worth $182,000. Timelo Investment Management Inc. acquired a new position in shares of North American Construction Group in the second quarter valued at $247,000. Vanguard Personalized Indexing Management LLC raised its position in shares of North American Construction Group by 35.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock valued at $268,000 after purchasing an additional 4,390 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of North American Construction Group by 51.4% in the second quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock valued at $344,000 after purchasing an additional 7,300 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Stock Down 1.3%

Shares of NOA opened at $14.18 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.57. North American Construction Group Ltd. has a 12 month low of $12.12 and a 12 month high of $22.08. The firm’s 50 day moving average is $14.33 and its 200-day moving average is $15.10. The stock has a market capitalization of $417.34 million, a PE ratio of 16.30 and a beta of 1.29.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). North American Construction Group had a return on equity of 17.15% and a net margin of 2.82%.The company had revenue of $280.90 million for the quarter, compared to analyst estimates of $231.58 million. Equities research analysts forecast that North American Construction Group Ltd. will post 2.56 EPS for the current year.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.12 per share. This is an increase from North American Construction Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. North American Construction Group’s payout ratio is currently 36.17%.

Analyst Ratings Changes

Several analysts recently commented on NOA shares. Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Atb Cap Markets cut North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. CIBC downgraded North American Construction Group to a “neutral” rating in a research report on Friday, August 15th. Cibc World Mkts cut North American Construction Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of North American Construction Group in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.