State of New Jersey Common Pension Fund D Has $544,000 Stake in North American Construction Group Ltd (NYSE:NOA)

State of New Jersey Common Pension Fund D lifted its position in shares of North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) by 24.4% during the third quarter, Holdings Channel.com reports. The firm owned 47,159 shares of the oil and gas company’s stock after purchasing an additional 9,256 shares during the period. State of New Jersey Common Pension Fund D’s holdings in North American Construction Group were worth $544,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Polar Asset Management Partners Inc. raised its position in shares of North American Construction Group by 113.8% during the second quarter. Polar Asset Management Partners Inc. now owns 1,337,818 shares of the oil and gas company’s stock worth $14,448,000 after purchasing an additional 712,015 shares during the period. Renaissance Technologies LLC raised its position in North American Construction Group by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,600 shares of the oil and gas company’s stock valued at $11,281,000 after buying an additional 55,100 shares during the last quarter. K.J. Harrison & Partners Inc raised its position in North American Construction Group by 0.5% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 404,000 shares of the oil and gas company’s stock valued at $4,353,000 after buying an additional 2,000 shares during the last quarter. CIBC Asset Management Inc raised its position in North American Construction Group by 22.1% in the 2nd quarter. CIBC Asset Management Inc now owns 311,162 shares of the oil and gas company’s stock valued at $3,353,000 after buying an additional 56,356 shares during the last quarter. Finally, Intact Investment Management Inc. raised its position in North American Construction Group by 38.5% in the 2nd quarter. Intact Investment Management Inc. now owns 310,967 shares of the oil and gas company’s stock valued at $4,372,000 after buying an additional 86,400 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on NOA shares. Raymond James reissued a “strong-buy” rating and issued a $26.00 price target on shares of North American Construction Group in a research report on Thursday, October 31st. ValuEngine lowered North American Construction Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, Zacks Investment Research raised North American Construction Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and three have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $19.50.

Shares of North American Construction Group stock traded up $0.12 during trading hours on Tuesday, hitting $11.51. 2,069 shares of the company’s stock traded hands, compared to its average volume of 100,073. North American Construction Group Ltd has a 12-month low of $7.82 and a 12-month high of $13.62. The stock has a market capitalization of $316.97 million, a price-to-earnings ratio of 27.38 and a beta of 0.61. The company has a fifty day simple moving average of $11.12 and a 200-day simple moving average of $11.33. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.00 and a quick ratio of 0.83.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Saturday, November 30th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 1.04%. North American Construction Group’s dividend payout ratio (DPR) is currently 28.57%.

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.

Further Reading: Net Income

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

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