9,908 Shares in North American Construction Group Ltd. (NYSE:NOA) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,908 shares of the oil and gas company’s stock, valued at approximately $185,000.

Other large investors have also bought and sold shares of the company. Polar Asset Management Partners Inc. grew its holdings in shares of North American Construction Group by 59.8% in the third quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company’s stock valued at $31,981,000 after acquiring an additional 639,857 shares in the last quarter. National Bank of Canada FI grew its stake in North American Construction Group by 69.1% in the 3rd quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company’s stock valued at $22,012,000 after purchasing an additional 480,885 shares during the period. AYAL Capital Advisors Ltd purchased a new stake in shares of North American Construction Group during the 2nd quarter valued at $7,375,000. Bank of Montreal Can raised its stake in shares of North American Construction Group by 15.3% during the 3rd quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company’s stock worth $40,519,000 after purchasing an additional 285,225 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of North American Construction Group by 240.4% in the 2nd quarter. Millennium Management LLC now owns 225,336 shares of the oil and gas company’s stock worth $4,344,000 after buying an additional 159,142 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on NOA. CIBC raised shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, December 5th. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th.

North American Construction Group Stock Down 0.8 %

NOA stock opened at $20.27 on Friday. The stock has a fifty day moving average of $19.51 and a 200-day moving average of $19.28. North American Construction Group Ltd. has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The company has a market capitalization of $564.05 million, a price-to-earnings ratio of 14.08 and a beta of 1.49. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13.

North American Construction Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.089 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio (DPR) is currently 24.31%.

North American Construction Group Company Profile

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.