North American Construction Group Ltd. (NYSE:NOA) Receives Consensus Recommendation of “Hold” from Analysts

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $25.75.

Several brokerages have weighed in on NOA. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research report on Thursday, May 14th. Roth Mkm reaffirmed a “buy” rating and set a $27.50 price target on shares of North American Construction Group in a research report on Friday, May 15th. Wall Street Zen downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a research report on Tuesday, May 19th. Finally, Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th.

North American Construction Group Stock Performance

Shares of NYSE NOA opened at $13.87 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 1.80. North American Construction Group has a 12 month low of $12.07 and a 12 month high of $18.24. The company has a 50 day simple moving average of $14.25 and a two-hundred day simple moving average of $14.65. The stock has a market cap of $375.77 million, a price-to-earnings ratio of 17.55 and a beta of 1.11.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Wednesday, June 3rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 3.5%. North American Construction Group’s payout ratio is presently 44.30%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in North American Construction Group during the first quarter valued at $476,000. Geode Capital Management LLC grew its position in North American Construction Group by 51.4% during 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 buying an additional 7,300 shares during the period. Raymond James Financial Inc. acquired a new position in North American Construction Group in the 2nd quarter worth about $122,000. Bank of America Corp DE raised its holdings in North American Construction Group by 80.7% in the 2nd quarter. Bank of America Corp DE now owns 326,266 shares of the oil and gas company’s stock worth $5,214,000 after purchasing an additional 145,745 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in North American Construction Group by 3.0% in the 2nd quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock worth $1,139,000 after purchasing an additional 2,040 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Company Profile

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.