Barclays PLC Buys 6,774 Shares of North American Construction Group Ltd. (NYSE:NOA)

Barclays PLC lifted its stake in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 48.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,867 shares of the oil and gas company’s stock after acquiring an additional 6,774 shares during the period. Barclays PLC’s holdings in North American Construction Group were worth $390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Polar Asset Management Partners Inc. increased its stake in 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 purchasing an additional 639,857 shares in the last quarter. National Bank of Canada FI grew its stake in shares of 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 buying an additional 480,885 shares during the period. AYAL Capital Advisors Ltd bought a new stake in North American Construction Group in the 2nd quarter valued at about $7,375,000. Bank of Montreal Can raised its stake in 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 buying an additional 285,225 shares during the period. Finally, Millennium Management LLC raised its stake in North American Construction Group by 240.4% during 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 period. 74.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

NOA has been the subject of several recent research reports. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. 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.

North American Construction Group Price Performance

Shares of NYSE NOA opened at $21.77 on Friday. The stock has a market cap of $606.38 million, a price-to-earnings ratio of 15.12 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 Ltd. has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The firm’s 50-day simple moving average is $20.33 and its 200 day simple moving average is $19.34.

North American Construction Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, November 27th were issued a $0.089 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was 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 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.