Swiss National Bank Has $1.07 Million Stock Holdings in North American Construction Group Ltd. (NYSE:NOA)

Swiss National Bank grew its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,500 shares of the oil and gas company’s stock after acquiring an additional 2,200 shares during the quarter. Swiss National Bank’s holdings in North American Construction Group were worth $1,066,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of North American Construction Group by 31.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company’s stock worth $9,194,000 after buying an additional 101,400 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of North American Construction Group during the 4th quarter worth approximately $269,000. Pacific Global Investment Management Co. raised its holdings in shares of North American Construction Group by 5.3% in the fourth quarter. Pacific Global Investment Management Co. now owns 68,223 shares of the oil and gas company’s stock valued at $1,474,000 after purchasing an additional 3,404 shares during the last quarter. Alberta Investment Management Corp grew its position in North American Construction Group by 7.2% in the fourth quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company’s stock valued at $22,774,000 after purchasing an additional 71,454 shares in the last quarter. Finally, Tranquility Partners LLC grew its holdings in shares of North American Construction Group by 11.5% in the 4th quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company’s stock valued at $323,000 after acquiring an additional 1,538 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NOA has been the subject of several recent research reports. Raymond James raised North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. CIBC raised North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. Finally, Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

North American Construction Group Price Performance

NYSE:NOA opened at $16.04 on Friday. The firm’s fifty day moving average price is $18.04 and its two-hundred day moving average price is $19.09. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. The company has a market cap of $445.59 million, a P/E ratio of 11.14 and a beta of 1.42. North American Construction Group Ltd. has a one year low of $15.09 and a one year high of $23.71.

North American Construction Group Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Thursday, March 13th will be issued a $0.084 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.34 annualized dividend and a yield of 2.09%. North American Construction Group’s dividend payout ratio is currently 28.70%.

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.