Intact Investment Management Inc. Has $3.14 Million Holdings in North American Construction Group Ltd. (NYSE:NOA)

Intact Investment Management Inc. cut its holdings in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) by 21.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,000 shares of the oil and gas company’s stock after selling 45,300 shares during the quarter. Intact Investment Management Inc. owned 0.63% of North American Construction Group worth $3,142,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co raised its stake in shares of North American Construction Group by 686.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,428 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 15,213 shares in the last quarter. TD Asset Management Inc boosted its stake in North American Construction Group by 2.4% in the 2nd quarter. TD Asset Management Inc now owns 24,688 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 571 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in North American Construction Group in the 1st quarter valued at $742,000. Swiss National Bank boosted its stake in North American Construction Group by 4.4% in the 1st quarter. Swiss National Bank now owns 49,900 shares of the oil and gas company’s stock valued at $1,109,000 after buying an additional 2,100 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in North American Construction Group by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 79,212 shares of the oil and gas company’s stock valued at $1,765,000 after buying an additional 2,180 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

North American Construction Group Stock Up 2.7 %

NOA stock opened at $20.18 on Tuesday. North American Construction Group Ltd. has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The stock has a market capitalization of $541.43 million, a P/E ratio of 14.01 and a beta of 1.48. 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 business has a 50-day moving average of $18.44 and a 200-day moving average of $19.35.

North American Construction Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, November 27th will be issued a dividend of $0.089 per share. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.36 annualized dividend and a dividend yield of 1.76%. North American Construction Group’s dividend payout ratio (DPR) is 20.14%.

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.