K.J. Harrison & Partners Inc Acquires 27,500 Shares of North American Construction Group Ltd. (NYSE:NOA)

K.J. Harrison & Partners Inc increased its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 27.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 126,500 shares of the oil and gas company’s stock after buying an additional 27,500 shares during the quarter. K.J. Harrison & Partners Inc owned 0.47% of North American Construction Group worth $2,645,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Acuitas Investments LLC boosted its stake in North American Construction Group by 26.4% in the fourth quarter. Acuitas Investments LLC now owns 86,098 shares of the oil and gas company’s stock valued at $1,795,000 after acquiring an additional 17,977 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in North American Construction Group by 34.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,326 shares of the oil and gas company’s stock valued at $133,000 after purchasing an additional 1,615 shares during the last quarter. Mackenzie Financial Corp boosted its position in North American Construction Group by 1.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,395,919 shares of the oil and gas company’s stock worth $29,143,000 after purchasing an additional 14,109 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of North American Construction Group by 2.6% in the third quarter. SkyView Investment Advisors LLC now owns 29,961 shares of the oil and gas company’s stock worth $651,000 after purchasing an additional 771 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of North American Construction Group by 325.9% in the third quarter. Quadrature Capital Ltd now owns 299,400 shares of the oil and gas company’s stock valued at $6,551,000 after purchasing an additional 229,100 shares during the period. Institutional investors own 74.99% of the company’s stock.

North American Construction Group Price Performance

NYSE:NOA traded up $0.29 during mid-day trading on Friday, hitting $22.08. 36,264 shares of the stock traded hands, compared to its average volume of 65,818. North American Construction Group Ltd. has a 12-month low of $18.02 and a 12-month high of $26.30. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 1.71. The company has a market cap of $590.42 million, a PE ratio of 14.16 and a beta of 1.53. The business’s 50-day moving average price is $23.19 and its 200 day moving average price is $21.92.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings results on Wednesday, March 13th. The oil and gas company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. North American Construction Group had a net margin of 6.60% and a return on equity of 22.18%. The firm had revenue of $239.70 million during the quarter, compared to analyst estimates of $229.31 million. On average, analysts expect that North American Construction Group Ltd. will post 2.84 EPS for the current fiscal year.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 8th were given a dividend of $0.074 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. 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 18.59%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com upgraded North American Construction Group from a “hold” rating to a “buy” rating in a research report on Monday, March 11th. TD Cowen raised North American Construction Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th.

North American Construction Group Company 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.