AYAL Capital Advisors Ltd Takes Position in North American Construction Group Ltd. (NYSE:NOA)

AYAL Capital Advisors Ltd bought a new position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 382,510 shares of the oil and gas company’s stock, valued at approximately $7,375,000. North American Construction Group accounts for 2.8% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 8th biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. SkyView Investment Advisors LLC bought a new position in shares of North American Construction Group in the first quarter worth approximately $742,000. Quadrature Capital Ltd increased its position in shares of North American Construction Group by 16.9% in the fourth quarter. Quadrature Capital Ltd now owns 350,121 shares of the oil and gas company’s stock valued at $7,322,000 after acquiring an additional 50,721 shares during the period. CIBC Asset Management Inc raised its stake in shares of North American Construction Group by 13.9% during the second quarter. CIBC Asset Management Inc now owns 1,154,556 shares of the oil and gas company’s stock valued at $22,249,000 after acquiring an additional 140,562 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of North American Construction Group by 686.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 15,213 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of North American Construction Group by 8.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 77,032 shares of the oil and gas company’s stock worth $1,606,000 after purchasing an additional 5,755 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.

North American Construction Group Stock Performance

NYSE:NOA opened at $19.25 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 1.82. North American Construction Group Ltd. has a twelve month low of $17.16 and a twelve month high of $25.92. The stock has a market cap of $514.55 million, a P/E ratio of 14.58 and a beta of 1.49. The firm’s fifty day simple moving average is $18.81 and its 200 day simple moving average is $20.25.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $201.95 million for the quarter, compared to analysts’ expectations of $230.03 million. North American Construction Group had a net margin of 4.97% and a return on equity of 21.72%. As a group, research analysts predict that North American Construction Group Ltd. will post 2.7 EPS for the current year.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be paid a $0.073 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, August 30th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio (DPR) is presently 21.97%.

About North American Construction Group

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.