North American Construction Group (NYSE:NOA) Downgraded to “Moderate Buy” Rating by Raymond James

Raymond James cut shares of North American Construction Group (NYSE:NOA) (TSE:NOA) from a strong-buy rating to a moderate buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports. Raymond James also issued estimates for North American Construction Group’s Q1 2025 earnings at $0.42 EPS, Q3 2025 earnings at $1.03 EPS, Q1 2026 earnings at $0.55 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $1.07 EPS, Q4 2026 earnings at $0.85 EPS and FY2026 earnings at $2.97 EPS.

North American Construction Group Price Performance

NOA opened at $15.30 on Tuesday. 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 business has a fifty day moving average of $16.28 and a 200 day moving average of $18.59. North American Construction Group has a 52-week low of $13.19 and a 52-week high of $22.16. The stock has a market cap of $469.74 million, a P/E ratio of 10.63 and a beta of 1.16.

North American Construction Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Thursday, March 13th were issued a dividend of $0.084 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a yield of 2.19%. North American Construction Group’s payout ratio is 28.70%.

Hedge Funds Weigh In On North American Construction Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its stake in North American Construction Group by 2.3% in the fourth quarter. Hsbc Holdings PLC now owns 39,965 shares of the oil and gas company’s stock worth $862,000 after purchasing an additional 898 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of North American Construction Group by 4.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,850 shares of the oil and gas company’s stock valued at $451,000 after buying an additional 974 shares during the period. SkyView Investment Advisors LLC raised its holdings in shares of North American Construction Group by 1.8% in 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 acquiring an additional 1,049 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in North American Construction Group by 2.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 55,263 shares of the oil and gas company’s stock worth $1,194,000 after acquiring an additional 1,085 shares during the period. Finally, Tranquility Partners LLC grew its holdings in North American Construction Group by 11.5% during the 4th quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company’s stock worth $323,000 after acquiring an additional 1,538 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

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.