North American Construction Group (NYSE:NOA) Sees Large Volume Increase

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) saw unusually-high trading volume on Friday . Approximately 68,673 shares were traded during trading, an increase of 8% from the previous session’s volume of 63,547 shares.The stock last traded at $19.82 and had previously closed at $19.89.

Wall Street Analysts Forecast Growth

NOA has been the topic of a number of research analyst reports. StockNews.com downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. TD Cowen upgraded North American Construction Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th.

North American Construction Group Stock Performance

The company has a market capitalization of $534.27 million, a price-to-earnings ratio of 15.07 and a beta of 1.50. The stock has a fifty day moving average price of $20.32 and a two-hundred day moving average price of $21.87. The company has a quick ratio of 0.81, a current ratio of 1.04 and a debt-to-equity ratio of 1.79.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly 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 company had revenue of $220.33 million during the quarter, compared to analyst estimates of $217.28 million. North American Construction Group had a return on equity of 19.48% and a net margin of 5.21%. During the same period last year, the firm earned $0.71 earnings per share. As a group, analysts forecast that North American Construction Group Ltd. will post 2.99 EPS for the current fiscal year.

North American Construction Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, May 31st will be paid a $0.0726 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.29 annualized dividend and a yield of 1.45%. North American Construction Group’s payout ratio is currently 21.97%.

Hedge Funds Weigh In On North American Construction Group

Several institutional investors have recently added to or reduced their stakes in NOA. SkyView Investment Advisors LLC grew its position in North American Construction Group by 2.6% during the third quarter. SkyView Investment Advisors LLC now owns 29,961 shares of the oil and gas company’s stock valued at $651,000 after acquiring an additional 771 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 acquiring an additional 1,615 shares during the period. Swiss National Bank grew its position in North American Construction Group by 4.4% during the first quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock valued at $1,109,000 after acquiring an additional 2,100 shares during the period. Janney Montgomery Scott LLC grew its position in North American Construction Group by 2.8% during the first quarter. Janney Montgomery Scott LLC now owns 79,212 shares of the oil and gas company’s stock valued at $1,765,000 after acquiring an additional 2,180 shares during the period. Finally, PenderFund Capital Management Ltd. grew its position in North American Construction Group by 22.5% during the fourth quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock valued at $508,000 after acquiring an additional 4,480 shares during the period. 74.99% of the stock is currently owned by institutional investors and hedge funds.

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.