North American Construction Group Ltd. (NYSE:NOA) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,138 shares of the oil and gas company’s stock after acquiring an additional 1,838 shares during the quarter. Geode Capital Management LLC’s holdings in North American Construction Group were worth $264,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Bank of Montreal Can grew its position in North American Construction Group by 15.3% in the third quarter. Bank of Montreal Can now owns 2,154,347 shares of the oil and gas company’s stock valued at $40,519,000 after acquiring an additional 285,225 shares in the last quarter. Polar Asset Management Partners Inc. grew its position in shares of North American Construction Group by 59.8% during the third quarter. Polar Asset Management Partners Inc. now owns 1,709,868 shares of the oil and gas company’s stock worth $31,981,000 after buying an additional 639,857 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of North American Construction Group by 11.9% during the third quarter. CIBC Asset Management Inc now owns 1,291,883 shares of the oil and gas company’s stock worth $24,167,000 after buying an additional 137,327 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of North American Construction Group by 3.3% during the second quarter. Mackenzie Financial Corp now owns 1,232,145 shares of the oil and gas company’s stock worth $23,762,000 after buying an additional 39,480 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of North American Construction Group by 69.1% during the third quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company’s stock worth $22,012,000 after buying an additional 480,885 shares in the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. 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 research report on Thursday, December 5th.

North American Construction Group Stock Up 0.1 %

NOA stock opened at $20.31 on Tuesday. The firm has a 50 day simple moving average of $20.63 and a 200-day simple moving average of $19.39. North American Construction Group Ltd. has a twelve month low of $16.46 and a twelve month high of $25.92. The company has a market capitalization of $564.21 million, a P/E ratio of 14.10 and a beta of 1.46. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, November 27th were paid a dividend of $0.089 per share. The ex-dividend date was Wednesday, November 27th. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 1.75%. North American Construction Group’s dividend payout ratio (DPR) is 25.00%.

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.