Equities Analysts Issue Forecasts for NOA Q1 Earnings

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) – Stock analysts at National Bank Financial cut their Q1 2025 earnings per share estimates for North American Construction Group in a report released on Wednesday, January 22nd. National Bank Financial analyst M. Sytchev now forecasts that the oil and gas company will earn $0.59 per share 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 have also issued reports on NOA. Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. CIBC raised North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. Finally, Raymond James upgraded North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

North American Construction Group Stock Performance

Shares of NOA stock opened at $20.34 on Friday. North American Construction Group has a 12-month low of $16.46 and a 12-month high of $25.92. The firm has a market capitalization of $565.02 million, a price-to-earnings ratio of 14.12 and a beta of 1.46. The business has a 50 day simple moving average of $20.67 and a 200 day simple moving average of $19.46. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88.

Institutional Investors Weigh In On North American Construction Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SkyView Investment Advisors LLC lifted its position in shares of North American Construction Group by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 59,371 shares of the oil and gas company’s stock valued at $1,110,000 after acquiring an additional 1,049 shares during the last quarter. Barclays PLC lifted its position in shares of North American Construction Group by 48.1% during the 3rd quarter. Barclays PLC now owns 20,867 shares of the oil and gas company’s stock valued at $390,000 after acquiring an additional 6,774 shares during the last quarter. Geode Capital Management LLC raised its stake in North American Construction Group by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after purchasing an additional 1,838 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in North American Construction Group during the 3rd quarter valued at $185,000. Finally, National Bank of Canada FI raised its stake in North American Construction Group by 69.1% during the 3rd quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company’s stock valued at $22,012,000 after purchasing an additional 480,885 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.

North American Construction Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, November 27th were given a dividend of $0.089 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend 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 is 25.69%.

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.