North American Construction Group Ltd. (NOA) to Issue Quarterly Dividend of C$0.12 on July 3rd

by · The Markets Daily

North American Construction Group Ltd. (NYSE:NOA – Get Free Report) (TSE:NOA) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Wednesday, June 3rd will be given a dividend of 0.12 per share by the oil and gas company on Friday, July 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 3rd.

North American Construction Group has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 3 years. North American Construction Group has a payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect North American Construction Group to earn $2.48 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 14.1%.

North American Construction Group Stock Performance

NYSE:NOA opened at $13.87 on Monday. The company has a market capitalization of $375.77 million, a PE ratio of 17.55 and a beta of 1.07. North American Construction Group has a fifty-two week low of $12.07 and a fifty-two week high of $18.24. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.90 and a current ratio of 1.11. The company has a 50 day simple moving average of $14.25 and a two-hundred day simple moving average of $14.66.

Institutional Trading of North American Construction Group

Several large investors have recently added to or reduced their stakes in NOA. Jane Street Group LLC purchased a new position in North American Construction Group during the 1st quarter valued at approximately $476,000. Geode Capital Management LLC boosted its holdings in North American Construction Group by 51.4% during the 2nd quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock valued at $344,000 after acquiring an additional 7,300 shares during the period. Raymond James Financial Inc. purchased a new position in North American Construction Group during the 2nd quarter valued at $122,000. Bank of America Corp DE boosted its holdings in North American Construction Group by 80.7% during the 2nd quarter. Bank of America Corp DE now owns 326,266 shares of the oil and gas company’s stock valued at $5,214,000 after acquiring an additional 145,745 shares during the period. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of 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 buying an additional 2,040 shares during the period. 74.99% of the stock is currently owned by institutional investors.

About North American Construction Group

(Get Free Report)

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.

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