National Bank Financial Has Negative View of NOA Q1 Earnings

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) – National Bank Financial decreased their Q1 2025 earnings per share estimates for shares of North American Construction Group in a report released on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now expects that the oil and gas company will post earnings per share of $0.59 for the quarter, down from their previous estimate of $0.67. The consensus estimate for North American Construction Group’s current full-year earnings is $2.65 per share. National Bank Financial also issued estimates for North American Construction Group’s Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.77 EPS and Q4 2025 earnings at $0.72 EPS.

A number of other brokerages also recently issued reports on NOA. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Raymond James upgraded shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, CIBC upgraded shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

North American Construction Group Trading Up 0.0 %

Shares of NYSE:NOA opened at $20.31 on Friday. The stock’s 50-day simple moving average is $20.68 and its two-hundred day simple moving average is $19.47. The stock has a market capitalization of $564.07 million, a price-to-earnings ratio of 14.10 and a beta of 1.46. North American Construction Group has a 52-week low of $16.46 and a 52-week high of $25.92. 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 business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, November 27th were paid a $0.089 dividend. This represents a $0.36 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, November 27th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. North American Construction Group’s dividend payout ratio (DPR) is currently 25.69%.

Hedge Funds Weigh In On North American Construction Group

A number of institutional investors have recently modified their holdings of NOA. American Century Companies Inc. grew its holdings in North American Construction Group by 6.3% during the 2nd quarter. American Century Companies Inc. now owns 228,740 shares of the oil and gas company’s stock worth $4,411,000 after acquiring an additional 13,559 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of North American Construction Group by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 154,078 shares of the oil and gas company’s stock worth $2,971,000 after purchasing an additional 5,567 shares during the period. Bank of Montreal Can lifted its position in shares of North American Construction Group by 3.3% in the 2nd quarter. Bank of Montreal Can now owns 1,869,122 shares of the oil and gas company’s stock worth $37,727,000 after purchasing an additional 59,046 shares during the period. Marshall Wace LLP boosted its stake in shares of North American Construction Group by 26.7% during the second quarter. Marshall Wace LLP now owns 144,838 shares of the oil and gas company’s stock valued at $2,792,000 after purchasing an additional 30,535 shares in the last quarter. Finally, Millennium Management LLC increased its holdings 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 buying an additional 159,142 shares during the period. 74.99% of the stock is owned by hedge funds and other institutional investors.

About North American Construction Group

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.