Mackenzie Financial Corp Raises Stake in North American Construction Group Ltd. (NYSE:NOA)

Mackenzie Financial Corp grew its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 3.3% in the second quarter, Holdings Channel reports. The fund owned 1,232,145 shares of the oil and gas company’s stock after purchasing an additional 39,480 shares during the period. Mackenzie Financial Corp’s holdings in North American Construction Group were worth $23,762,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its position in 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 last quarter. TD Asset Management Inc boosted its holdings in North American Construction Group by 2.4% in the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 571 shares during the last quarter. PenderFund Capital Management Ltd. grew its stake in shares of 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 buying an additional 4,480 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of North American Construction Group during the 1st quarter worth approximately $742,000. Finally, Swiss National Bank raised its position in shares of 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 valued at $1,109,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Stock Performance

NYSE NOA opened at $18.78 on Friday. The stock has a fifty day simple moving average of $18.74 and a 200-day simple moving average of $20.15. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 1.82. The stock has a market cap of $501.99 million, a PE ratio of 14.23 and a beta of 1.49. North American Construction Group Ltd. has a twelve month low of $17.16 and a twelve month high of $25.92.

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

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, August 30th will be issued a $0.073 dividend. This represents a $0.29 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, August 30th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio (DPR) is 21.97%.

Wall Street Analysts Forecast Growth

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 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.