Zurcher Kantonalbank Zurich Cantonalbank Reduces Holdings in North American Construction Group Ltd. (NYSE:NOA)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 25.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,711 shares of the oil and gas company’s stock after selling 1,615 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in North American Construction Group were worth $91,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NOA. CANADA LIFE ASSURANCE Co boosted its holdings in shares of North American Construction Group by 686.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock valued at $387,000 after purchasing an additional 15,213 shares during the last quarter. PenderFund Capital Management Ltd. boosted its holdings in shares of North American Construction Group by 22.5% in the 4th quarter. PenderFund Capital Management Ltd. now owns 24,380 shares of the oil and gas company’s stock valued at $508,000 after purchasing an additional 4,480 shares during the last quarter. SkyView Investment Advisors LLC acquired a new position in shares of North American Construction Group in the 1st quarter valued at $742,000. Swiss National Bank boosted its holdings in shares of North American Construction Group by 4.4% in the 1st quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock valued at $1,109,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of North American Construction Group by 8.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 77,032 shares of the oil and gas company’s stock valued at $1,606,000 after purchasing an additional 5,755 shares during the last quarter. 74.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

North American Construction Group Stock Performance

NYSE:NOA opened at $17.89 on Wednesday. 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 firm has a market capitalization of $478.32 million, a price-to-earnings ratio of 13.55 and a beta of 1.49. The firm’s fifty day simple moving average is $19.03 and its 200 day simple moving average is $20.71. North American Construction Group Ltd. has a twelve month low of $17.16 and a twelve month high of $25.92.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its earnings results on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The business had revenue of $201.95 million for the quarter, compared to analyst estimates of $230.03 million. North American Construction Group had a net margin of 4.97% and a return on equity of 21.72%. As a group, equities research analysts expect that North American Construction Group Ltd. will post 2.95 earnings per share for the current fiscal year.

North American Construction Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, August 30th will be paid a dividend of $0.073 per share. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, August 30th. This represents a $0.29 annualized dividend and a yield of 1.63%. North American Construction Group’s payout ratio is 21.97%.

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.