Toronto Dominion Bank Has $297,000 Holdings in North American Construction Group Ltd. (NYSE:NOA)

Toronto Dominion Bank lifted its holdings in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,518 shares of the oil and gas company’s stock after purchasing an additional 1,335 shares during the period. Toronto Dominion Bank owned 0.07% of North American Construction Group worth $297,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NOA. Citadel Advisors LLC acquired a new position in North American Construction Group during the 1st quarter worth $109,000. D. E. Shaw & Co. Inc. acquired a new position in North American Construction Group during the 1st quarter worth $134,000. Stephens Inc. AR lifted its position in North American Construction Group by 39.1% during the 1st quarter. Stephens Inc. AR now owns 15,014 shares of the oil and gas company’s stock worth $161,000 after acquiring an additional 4,221 shares during the last quarter. Acuitas Investments LLC lifted its position in North American Construction Group by 1,308.7% during the 2nd quarter. Acuitas Investments LLC now owns 3,366,104 shares of the oil and gas company’s stock worth $222,000 after acquiring an additional 3,127,147 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in North American Construction Group by 12.7% during the 2nd quarter. American Century Companies Inc. now owns 24,845 shares of the oil and gas company’s stock worth $378,000 after acquiring an additional 2,800 shares during the last quarter. 43.98% of the stock is owned by institutional investors and hedge funds.

NYSE NOA opened at $14.61 on Friday. The stock has a market cap of $438.33 million, a P/E ratio of 14.91 and a beta of 1.48. The company’s 50-day simple moving average is $14.26 and its 200 day simple moving average is $13.49. North American Construction Group Ltd. has a twelve month low of $6.00 and a twelve month high of $17.30. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 1.43.

North American Construction Group (NYSE:NOA) (TSE:NOA) last posted its earnings results on Wednesday, July 28th. The oil and gas company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $121.47 million. North American Construction Group had a net margin of 7.19% and a return on equity of 18.72%. Research analysts anticipate that North American Construction Group Ltd. will post 1.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Shareholders of record on Tuesday, August 31st will be paid a dividend of $0.0318 per share. The ex-dividend date is Monday, August 30th. This represents a $0.13 annualized dividend and a yield of 0.87%. North American Construction Group’s dividend payout ratio is 10.08%.

A number of research analysts have weighed in on NOA shares. BMO Capital Markets boosted their target price on shares of North American Construction Group from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 22nd. Maxim Group upped their price objective on shares of North American Construction Group from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. ATB Capital reaffirmed a “buy” rating and set a C$26.00 price objective on shares of North American Construction Group in a research report on Wednesday, June 23rd. Raymond James upped their price objective on shares of North American Construction Group from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research report on Tuesday, June 22nd. Finally, TD Securities upped their price objective on shares of North American Construction Group from C$18.00 to C$21.00 and gave the company a “hold” rating in a research report on Tuesday, June 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $21.57.

North American Construction Group Company Profile

North American Construction Group Ltd. engages in providing mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.

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Institutional Ownership by Quarter for North American Construction Group (NYSE:NOA)

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