North American Construction Group Ltd. $NOA Shares Sold by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC lessened its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 80.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,873 shares of the oil and gas company’s stock after selling 60,159 shares during the period. SkyView Investment Advisors LLC owned approximately 0.05% of North American Construction Group worth $198,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc grew its holdings in North American Construction Group by 22.3% during the fourth quarter. CIBC Asset Management Inc now owns 1,442,155 shares of the oil and gas company’s stock worth $20,812,000 after acquiring an additional 262,673 shares during the period. Aegis Financial Corp lifted its holdings in North American Construction Group by 23.3% in the 4th quarter. Aegis Financial Corp now owns 1,038,177 shares of the oil and gas company’s stock valued at $14,967,000 after acquiring an additional 196,243 shares during the last quarter. Cannell Capital LLC acquired a new stake in North American Construction Group in the 2nd quarter valued at about $10,423,090. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of North American Construction Group during the 2nd quarter valued at about $8,029,000. Finally, Bastion Asset Management Inc. bought a new position in shares of North American Construction Group during the 4th quarter valued at about $8,475,000. Institutional investors and hedge funds own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NOA. Zacks Research upgraded shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a report on Thursday, August 13th. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a research report on Friday, September 4th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.75.

North American Construction Group Trading Down 4.1%

Shares of NOA opened at $12.94 on Tuesday. The business’s 50-day moving average price is $13.68 and its 200 day moving average price is $14.06. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. The stock has a market capitalization of $358.57 million, a P/E ratio of 16.38 and a beta of 1.07. 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 announced its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 EPS for the quarter, hitting the consensus estimate 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 net margin of 2.41% and a return on equity of 6.23%. Analysts expect that North American Construction Group Ltd. will post 0.96 earnings per share for the current year.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, August 28th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s payout ratio is 43.04%.

North American Construction Group Company Profile

North American Construction Group Ltd. is a Canadian heavy construction and mining services company headquartered in Acheson, Alberta. The company provides equipment-intensive services to resource and infrastructure customers, with a particular focus on large-scale earthworks and mine development.

Its services include contract mining, mine-site development and reclamation, heavy civil construction, site preparation, road building, overburden removal, materials handling, crushing and aggregate production, and equipment rental and maintenance.