North American Construction Group (NYSE:NOA) Announces Quarterly Earnings Results

North American Construction Group (NYSE:NOA) (TSE:NOA) released its earnings results on Wednesday. The oil and gas company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.66), Zacks reports. The business had revenue of $250.51 million for the quarter, compared to the consensus estimate of $222.43 million. North American Construction Group had a return on equity of 13.29% and a net margin of 3.02%.

North American Construction Group Stock Performance

NOA stock traded down $4.02 during trading on Thursday, reaching $12.73. The company had a trading volume of 325,062 shares, compared to its average volume of 103,608. The company has a market cap of $365.99 million, a price-to-earnings ratio of 13.52 and a beta of 1.09. North American Construction Group has a twelve month low of $12.12 and a twelve month high of $18.24. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.73 and a current ratio of 0.91. The firm has a 50-day simple moving average of $15.78 and a 200-day simple moving average of $14.66.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.48 annualized dividend and a dividend yield of 3.8%. North American Construction Group’s dividend payout ratio is 36.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NOA. Roth Mkm initiated coverage on shares of North American Construction Group in a report on Thursday, February 5th. They set a “buy” rating and a $25.00 price objective for the company. Zacks Research downgraded shares of North American Construction Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Loop Capital set a $24.00 price objective on North American Construction Group in a research note on Friday, December 19th. Wall Street Zen upgraded North American Construction Group from a “hold” rating to a “buy” rating in a report on Saturday, January 24th. Finally, ATB Cormark Capital Markets reiterated a “sector perform” rating on shares of North American Construction Group in a report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.50.

Hedge Funds Weigh In On North American Construction Group

Several hedge funds have recently made changes to their positions in NOA. Raymond James Financial Inc. purchased a new position in shares of North American Construction Group in the second quarter worth about $122,000. Qube Research & Technologies Ltd purchased a new stake in shares of North American Construction Group in the 3rd quarter valued at $153,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of North American Construction Group in the fourth quarter worth $165,000. Lazard Asset Management LLC lifted its position in North American Construction Group by 1,424.1% during the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock valued at $177,000 after purchasing an additional 11,635 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in North American Construction Group in the fourth quarter valued at $190,000. 74.99% of the stock is owned by institutional investors and hedge funds.

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.