North American Construction Group (NYSE:NOA) Shares Cross Above 200 Day Moving Average – What’s Next?

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.43 and traded as high as $16.06. North American Construction Group shares last traded at $15.60, with a volume of 130,681 shares.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zacks Research upgraded North American Construction Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of North American Construction Group in a research report on Wednesday, October 8th. Loop Capital set a $24.00 target price on shares of North American Construction Group in a research note on Friday, December 19th. ATB Capital reiterated a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Finally, Wall Street Zen lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, North American Construction Group presently has a consensus rating of “Hold” and a consensus target price of $24.00.

North American Construction Group Stock Performance

The stock’s 50 day moving average is $14.25 and its two-hundred day moving average is $14.43. The firm has a market capitalization of $452.56 million, a P/E ratio of 16.60 and a beta of 1.16. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.91 and a quick ratio of 0.73.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $280.90 million for the quarter, compared to analyst estimates of $231.58 million. North American Construction Group had a return on equity of 13.29% and a net margin of 3.02%. As a group, equities analysts anticipate that North American Construction Group Ltd. will post 2.56 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, November 26th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from North American Construction Group’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, November 26th. North American Construction Group’s payout ratio is presently 36.17%.

Hedge Funds Weigh In On North American Construction Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC increased its stake in 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 in the last quarter. Bank of Montreal Can grew its holdings in shares of North American Construction Group by 4.6% in the 2nd quarter. Bank of Montreal Can now owns 2,244,637 shares of the oil and gas company’s stock valued at $35,941,000 after buying an additional 98,646 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of North American Construction Group by 106,111.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 278,275 shares of the oil and gas company’s stock valued at $4,463,000 after buying an additional 278,013 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of North American Construction Group by 16.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 1,474 shares in the last quarter. Finally, Intact Investment Management Inc. raised its stake in North American Construction Group by 31.2% during the 2nd quarter. Intact Investment Management Inc. now owns 233,600 shares of the oil and gas company’s stock worth $3,737,000 after buying an additional 55,600 shares during the period. Institutional investors own 74.99% of the company’s stock.

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.