PDT Partners LLC Invests $851,000 in North American Construction Group Ltd. $NOA

PDT Partners LLC bought a new position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 63,988 shares of the oil and gas company’s stock, valued at approximately $851,000. PDT Partners LLC owned about 0.23% of North American Construction Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NOA. Raymond James Financial Inc. bought a new stake in shares of North American Construction Group in the 2nd quarter valued at about $122,000. Highlander Partners L.P. bought a new stake in North American Construction Group in the fourth quarter valued at approximately $132,000. Qube Research & Technologies Ltd acquired a new stake in North American Construction Group in the third quarter worth $153,000. Dynamic Technology Lab Private Ltd bought a new position in shares of North American Construction Group during the fourth quarter worth $165,000. Finally, Lazard Asset Management LLC boosted its position in shares of 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 worth $177,000 after purchasing an additional 11,635 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

NOA has been the topic of a number of recent research reports. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research report on Thursday, August 13th. Roth Capital reaffirmed a “buy” rating and set a $27.50 price target on shares of North American Construction Group in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of North American Construction Group in a research report on Tuesday, June 9th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a research report on Thursday, July 9th. Finally, Zacks Research raised shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, North American Construction Group currently has an average rating of “Hold” and a consensus price target of $25.75.

North American Construction Group Trading Up 1.8%

Shares of North American Construction Group stock opened at $13.54 on Friday. The company has a market capitalization of $377.63 million, a price-to-earnings ratio of 17.15 and a beta of 1.06. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.07 and a quick ratio of 0.90. The business has a fifty day simple moving average of $13.67 and a two-hundred day simple moving average of $14.30. North American Construction Group Ltd. has a 1 year low of $12.07 and a 1 year high of $17.26.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $321.22 million during the quarter, compared to analysts’ expectations of $246.65 million. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. Research analysts forecast that North American Construction Group Ltd. will post 0.96 EPS for the current year.

North American Construction Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, August 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. North American Construction Group’s dividend payout ratio (DPR) is 44.30%.

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.