North American Construction Group Ltd. (NYSE:NOA) Receives $24.00 Consensus PT from Analysts

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $24.00.

Several research firms recently commented on NOA. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of North American Construction Group in a report on Wednesday, October 8th. Loop Capital set a $24.00 target price on North American Construction Group in a research note on Friday, December 19th. Wall Street Zen downgraded North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, ATB Capital reissued a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th.

North American Construction Group Stock Up 0.1%

NOA stock opened at $15.96 on Friday. The company’s 50 day moving average price is $14.17 and its 200 day moving average price is $14.47. The firm has a market capitalization of $462.94 million, a price-to-earnings ratio of 16.98 and a beta of 1.16. North American Construction Group has a fifty-two week low of $12.12 and a fifty-two week high of $21.73. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.73 and a current ratio of 0.91.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). North American Construction Group had a return on equity of 13.29% and a net margin of 3.02%.The firm had revenue of $280.90 million for the quarter, compared to analyst estimates of $231.58 million. On average, equities research analysts anticipate that North American Construction Group will post 2.56 EPS for the current fiscal year.

North American Construction Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, November 26th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, November 26th. This represents a $0.48 annualized dividend and a yield of 3.0%. This is an increase from North American Construction Group’s previous quarterly dividend of $0.09. North American Construction Group’s dividend payout ratio (DPR) is 36.17%.

Hedge Funds Weigh In On North American Construction Group

Several hedge funds have recently made changes to their positions in NOA. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of North American Construction Group by 35.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,795 shares of the oil and gas company’s stock valued at $268,000 after purchasing an additional 4,390 shares during the last quarter. Bank of Montreal Can grew its stake in North American Construction Group by 4.6% during the 2nd quarter. Bank of Montreal Can now owns 2,244,637 shares of the oil and gas company’s stock worth $35,941,000 after buying an additional 98,646 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in North American Construction Group by 106,111.8% during the second quarter. TD Waterhouse Canada Inc. now owns 278,275 shares of the oil and gas company’s stock worth $4,463,000 after buying an additional 278,013 shares during the period. Public Employees Retirement System of Ohio increased its position in North American Construction Group by 16.7% during the second quarter. Public Employees Retirement System of Ohio now owns 10,307 shares of the oil and gas company’s stock worth $165,000 after buying an additional 1,474 shares during the period. Finally, Intact Investment Management Inc. lifted its stake in North American Construction Group by 31.2% in the second quarter. Intact Investment Management Inc. now owns 233,600 shares of the oil and gas company’s stock valued at $3,737,000 after buying an additional 55,600 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Company Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.