Northwest & Ethical Investments L.P. Sells 5,600 Shares of North American Construction Group Ltd. (NYSE:NOA)

Northwest & Ethical Investments L.P. lowered its position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 46.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,583 shares of the oil and gas company’s stock after selling 5,600 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in North American Construction Group were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its stake in North American Construction Group by 686.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock valued at $387,000 after purchasing an additional 15,213 shares during the period. TD Asset Management Inc increased its holdings in North American Construction Group by 2.4% during the second quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock worth $476,000 after buying an additional 571 shares during the last quarter. SkyView Investment Advisors LLC raised its position in North American Construction Group by 75.0% in the second quarter. SkyView Investment Advisors LLC now owns 58,322 shares of the oil and gas company’s stock worth $1,124,000 after acquiring an additional 25,003 shares during the period. Marshall Wace LLP boosted its stake in North American Construction Group by 26.7% in 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 acquiring an additional 30,535 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of North American Construction Group by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 154,078 shares of the oil and gas company’s stock valued at $2,971,000 after acquiring an additional 5,567 shares during the period. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

North American Construction Group Price Performance

NYSE NOA opened at $20.28 on Friday. 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 company has a market cap of $544.11 million, a PE ratio of 14.08 and a beta of 1.48. North American Construction Group Ltd. has a 52 week low of $16.46 and a 52 week high of $25.92. The firm’s 50-day simple moving average is $18.96 and its two-hundred day simple moving average is $19.25.

North American Construction Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.089 per share. This is a boost from North American Construction Group’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 27th. North American Construction Group’s dividend payout ratio is presently 24.31%.

North American Construction Group Company 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.