North American Construction Group Ltd. $NOA Shares Sold by Cannell Capital LLC

Cannell Capital LLC reduced its stake in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,303,978 shares of the oil and gas company’s stock after selling 243,343 shares during the period. North American Construction Group accounts for 2.8% of Cannell Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Cannell Capital LLC owned 4.34% of North American Construction Group worth $18,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. boosted its position in North American Construction Group by 0.4% during the third quarter. TD Waterhouse Canada Inc. now owns 279,428 shares of the oil and gas company’s stock valued at $4,074,000 after purchasing an additional 1,153 shares during the last quarter. SkyView Investment Advisors LLC increased its position in North American Construction Group by 3.0% in the 2nd quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock worth $1,139,000 after purchasing an additional 2,040 shares during the last quarter. Boothbay Fund Management LLC raised its stake in shares of North American Construction Group by 16.3% during the 3rd quarter. Boothbay Fund Management LLC now owns 16,709 shares of the oil and gas company’s stock worth $237,000 after purchasing an additional 2,339 shares in the last quarter. Swiss National Bank raised its stake in shares of North American Construction Group by 8.9% during the 2nd quarter. Swiss National Bank now owns 51,300 shares of the oil and gas company’s stock worth $818,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Orchard Capital Management LLC lifted its holdings in shares of North American Construction Group by 3.1% during the 3rd quarter. Orchard Capital Management LLC now owns 152,138 shares of the oil and gas company’s stock valued at $2,160,000 after buying an additional 4,511 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Key North American Construction Group News

Here are the key news stories impacting North American Construction Group this week:

• Positive Sentiment: Canaccord Genuity upgraded NOA from “hold” to “buy,” which likely attracted buyer interest and supported the stock’s upward move.
• Positive Sentiment: Company reported record Q4 revenue (C$250.5M) and strong operational momentum, including C$57M free cash flow for the quarter — a fundamental tailwind for investor confidence. North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2025
• Positive Sentiment: Management raised FY‑2026 revenue guidance to roughly C$1.1B–C$1.2B (well above consensus ~C$914.6M), signaling stronger topline expectations that can boost multiple expansion. North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2025
• Positive Sentiment: Board declared a quarterly dividend of $0.12/share (annualized yield ~2.9%), which can attract income-oriented investors and support the share price.
• Negative Sentiment: Q4 EPS missed estimates — the company reported a loss (reported EPS around negative levels vs. consensus positive) and year‑over‑year earnings deterioration, which is a near-term headwind for sentiment. North American Construction (NOA) Reports Q4 Loss, Lags Revenue Estimates
• Negative Sentiment: BMO Capital Markets downgraded NOA from “outperform” to “market perform,” which can temper analyst-driven buying and increase short-term pressure. Finviz – NOA quote / analyst notes
• Negative Sentiment: Law firm Johnson Fistel announced an investigation into potential securities claims related to NOA’s executives, introducing litigation risk and uncertainty that could weigh on the stock. North American Construction Group Shareholders Are Encouraged to Reach Out to Johnson Fistel

Analyst Upgrades and Downgrades

NOA has been the subject of several recent research reports. Canaccord Genuity Group raised North American Construction Group from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Research lowered shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. ATB Cormark Capital Markets raised shares of North American Construction Group from a “hold” rating to a “moderate buy” rating in a research report on Friday. Wall Street Zen lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, BMO Capital Markets downgraded shares of North American Construction Group from an “outperform” rating to a “market perform” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.50.

North American Construction Group Stock Performance

Shares of NYSE NOA opened at $12.80 on Friday. The business’s 50-day simple moving average is $15.70 and its 200-day simple moving average is $14.65. 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 Ltd. has a 52 week low of $12.07 and a 52 week high of $18.24. The firm has a market cap of $367.97 million, a price-to-earnings ratio of 16.00 and a beta of 1.09.

North American Construction Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be paid a $0.12 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.8%. North American Construction Group’s payout ratio is presently 43.75%.

North American Construction Group 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.