UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in North American Construction Group Ltd. (NYSE:NOA – Free Report) (TSE:NOA) by 57.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,876 shares of the oil and gas company’s stock after selling 27,377 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in North American Construction Group were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc increased its position in shares of North American Construction Group by 2.4% in the second quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 571 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in North American Construction Group by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 154,078 shares of the oil and gas company’s stock worth $2,971,000 after purchasing an additional 5,567 shares during the period. American Century Companies Inc. increased its holdings in North American Construction Group by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 228,740 shares of the oil and gas company’s stock valued at $4,411,000 after purchasing an additional 13,559 shares in the last quarter. K.J. Harrison & Partners Inc raised its position in North American Construction Group by 9.3% in the second quarter. K.J. Harrison & Partners Inc now owns 234,700 shares of the oil and gas company’s stock valued at $4,524,000 after purchasing an additional 20,000 shares during the period. Finally, SkyView Investment Advisors LLC lifted its stake in shares of North American Construction Group by 75.0% during the second quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company’s stock worth $1,124,000 after purchasing an additional 25,003 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently issued reports on NOA. CIBC upgraded shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, December 5th. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th.
North American Construction Group Stock Down 0.8 %
NOA stock opened at $20.27 on Friday. The firm has a market cap of $564.05 million, a price-to-earnings ratio of 14.08 and a beta of 1.49. North American Construction Group Ltd. has a 1-year low of $16.46 and a 1-year high of $25.92. The firm has a fifty day moving average price of $19.51 and a two-hundred day moving average price of $19.28. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88.
North American Construction Group Increases Dividend
The company also recently declared 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 1.76%. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio is currently 24.31%.
North American Construction Group 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.
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