Bank of Montreal Can Grows Stake in North American Construction Group Ltd. (NYSE:NOA)

Bank of Montreal Can boosted its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 3.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,869,122 shares of the oil and gas company’s stock after buying an additional 59,046 shares during the quarter. Bank of Montreal Can owned about 0.07% of North American Construction Group worth $37,727,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised 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 valued at $387,000 after acquiring an additional 15,213 shares during the last quarter. TD Asset Management Inc increased its position in shares of 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 purchasing an additional 571 shares in the last quarter. PenderFund Capital Management Ltd. raised its stake in North American Construction Group by 22.5% in the 4th quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock valued at $508,000 after purchasing an additional 4,480 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in North American Construction Group in the 1st quarter valued at $742,000. Finally, Swiss National Bank boosted its stake in North American Construction Group by 4.4% during the 1st quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock worth $1,109,000 after purchasing an additional 2,100 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

North American Construction Group Trading Down 0.7 %

NOA opened at $18.37 on Friday. The firm has a market capitalization of $491.03 million, a price-to-earnings ratio of 13.92 and a beta of 1.49. The company’s 50 day simple moving average is $18.76 and its two-hundred day simple moving average is $20.23. North American Construction Group Ltd. has a 1-year low of $17.16 and a 1-year high of $25.92. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.03 and a quick ratio of 0.80.

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

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 30th will be given a dividend of $0.073 per share. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, August 30th. This represents a $0.29 annualized dividend and a dividend yield of 1.59%. North American Construction Group’s payout ratio 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.