North American Construction Group Ltd. (NYSE:NOA) Holdings Lowered by Clear Harbor Asset Management LLC

by · The Markets Daily

Clear Harbor Asset Management LLC trimmed its position in North American Construction Group Ltd. (NYSE:NOA – Free Report) (TSE:NOA) by 19.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,899 shares of the oil and gas company’s stock after selling 4,695 shares during the period. Clear Harbor Asset Management LLC owned approximately 0.07% of North American Construction Group worth $373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AYAL Capital Advisors Ltd bought a new position in North American Construction Group during the second quarter valued at about $7,375,000. Hillsdale Investment Management Inc. grew its stake in shares of North American Construction Group by 53.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 839,759 shares of the oil and gas company’s stock worth $18,681,000 after purchasing an additional 293,070 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of North American Construction Group by 47.9% in the 2nd quarter. National Bank of Canada FI now owns 696,224 shares of the oil and gas company’s stock worth $13,275,000 after purchasing an additional 225,445 shares in the last quarter. Millennium Management LLC lifted its stake in North American Construction Group by 240.4% during the second quarter. Millennium Management LLC now owns 225,336 shares of the oil and gas company’s stock valued at $4,344,000 after purchasing an additional 159,142 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in North American Construction Group by 13.9% during the second quarter. CIBC Asset Management Inc now owns 1,154,556 shares of the oil and gas company’s stock worth $22,249,000 after buying an additional 140,562 shares in the last quarter. 74.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.

Check Out Our Latest Stock Report on North American Construction Group

North American Construction Group Trading Up 0.8 %

Shares of NOA opened at $17.42 on Monday. The business’s 50-day moving average price is $18.53 and its 200 day moving average price is $19.46. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $465.76 million, a P/E ratio of 13.20 and a beta of 1.49. North American Construction Group Ltd. has a 1-year low of $16.46 and a 1-year high of $25.92.

North American Construction Group (NYSE:NOA – Get Free Report) (TSE:NOA) last released its earnings results on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. North American Construction Group had a net margin of 4.97% and a return on equity of 21.72%. The business had revenue of $201.95 million for the quarter, compared to the consensus estimate of $230.03 million. Analysts expect that North American Construction Group Ltd. will post 2.7 earnings per share for the current year.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, August 30th were paid a dividend of $0.073 per share. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, August 30th. North American Construction Group’s payout ratio is 21.97%.

About North American Construction Group

(Free Report)

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.

Further Reading

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