JB Capital Partners LP Takes $931,000 Position in North American Construction Group Ltd. $NOA

JB Capital Partners LP purchased a new stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 70,000 shares of the oil and gas company’s stock, valued at approximately $931,000. JB Capital Partners LP owned approximately 0.25% of North American Construction Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new stake in shares of North American Construction Group during the second quarter valued at approximately $725,000. Lazard Asset Management LLC grew its holdings in North American Construction Group by 259.5% during the 1st quarter. Lazard Asset Management LLC now owns 58,124 shares of the oil and gas company’s stock valued at $784,000 after purchasing an additional 41,954 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in North American Construction Group by 65.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 402,413 shares of the oil and gas company’s stock valued at $5,430,000 after purchasing an additional 158,731 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of North American Construction Group by 35.6% during the first quarter. Dimensional Fund Advisors LP now owns 200,248 shares of the oil and gas company’s stock worth $2,699,000 after purchasing an additional 52,605 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC acquired a new position in North American Construction Group in the 1st quarter valued at $257,000. 74.99% of the stock is currently owned by institutional investors.

North American Construction Group Price Performance

Shares of NYSE NOA traded down $0.39 during midday trading on Friday, hitting $13.15. The stock had a trading volume of 14,656 shares, compared to its average volume of 117,465. The company has a market capitalization of $366.62 million, a PE ratio of 16.65 and a beta of 1.06. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 2.15. North American Construction Group Ltd. has a 1 year low of $12.07 and a 1 year high of $17.26. The stock has a 50 day simple moving average of $13.67 and a 200-day simple moving average of $14.30.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $321.22 million during the quarter, compared to analysts’ expectations of $246.65 million. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. On average, sell-side analysts expect that North American Construction Group Ltd. will post 0.96 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.48 annualized dividend and a yield of 3.7%. North American Construction Group’s dividend payout ratio (DPR) is currently 44.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NOA shares. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a research note on Thursday, July 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of North American Construction Group in a research note on Tuesday, June 9th. Roth Capital reissued a “buy” rating and issued a $27.50 target price on shares of North American Construction Group in a research report on Friday, May 15th. Finally, Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, North American Construction Group has a consensus rating of “Hold” and a consensus price target of $25.75.

About North American Construction Group

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.