North American Construction Group Ltd. (NYSE:NOA) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC reduced its stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 6.3% in the fourth quarter, HoldingsChannel reports. The fund owned 18,650 shares of the oil and gas company’s stock after selling 1,249 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in North American Construction Group were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NOA. Public Employees Retirement System of Ohio bought a new stake in North American Construction Group during the third quarter worth approximately $185,000. Geode Capital Management LLC raised its stake in shares of North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock worth $264,000 after buying an additional 1,838 shares in the last quarter. PDT Partners LLC raised its stake in shares of North American Construction Group by 45.6% in the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock worth $321,000 after buying an additional 5,371 shares in the last quarter. Barclays PLC lifted its holdings in shares of North American Construction Group by 48.1% in the third quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock valued at $390,000 after buying an additional 6,774 shares during the period. Finally, SkyView Investment Advisors LLC boosted its stake in North American Construction Group by 1.8% during the third quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company’s stock valued at $1,110,000 after buying an additional 1,049 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NOA shares. 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. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th.

North American Construction Group Stock Performance

Shares of NYSE NOA opened at $20.87 on Wednesday. North American Construction Group Ltd. has a 52-week low of $16.46 and a 52-week high of $25.92. The stock has a market capitalization of $579.77 million, a price-to-earnings ratio of 14.49 and a beta of 1.46. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The stock’s fifty day simple moving average is $20.64 and its 200 day simple moving average is $19.45.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.089 per share. This represents a $0.36 annualized dividend and a yield of 1.71%. 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 payout ratio is presently 25.69%.

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.