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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.27 and traded as high as $20.70. North American Construction Group shares last traded at $20.43, with a volume of 43,356 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NOA. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. CIBC upgraded shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, December 5th.

North American Construction Group Stock Up 0.4 %

The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. The company’s 50-day moving average price is $19.46 and its 200 day moving average price is $19.27. The stock has a market capitalization of $568.51 million, a P/E ratio of 14.19 and a beta of 1.49.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.089 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.36 annualized dividend and a dividend yield of 1.74%. 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 24.31%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NOA. Public Employees Retirement System of Ohio purchased a new stake in shares of North American Construction Group during the 3rd quarter valued at about $185,000. Geode Capital Management LLC grew its stake in North American Construction Group by 14.9% in the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock worth $264,000 after purchasing an additional 1,838 shares in the last quarter. PDT Partners LLC increased its stake in shares of North American Construction Group by 45.6% during the third quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock valued at $321,000 after buying an additional 5,371 shares during the period. Barclays PLC raised its holdings in shares of North American Construction Group by 48.1% in the 3rd quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 6,774 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in North American Construction Group by 2.4% during the second quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock worth $476,000 after buying an additional 571 shares during the period. Institutional investors own 74.99% of the company’s stock.

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.