North American Construction
NOA
About: North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies. The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. The Company's reportable segments are Heavy Equipment Canada, Heavy Equipment Australia, and Other. Heavy Equipment Canada and Heavy Equipment Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes mine management contract work in the United States, its external maintenance and rebuild programs.
Employees: 2,928
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
95% more call options, than puts
Call options by funds: $39K | Put options by funds: $20K
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
7% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 27
7.4% less ownership
Funds ownership: 61.6% [Q1] → 54.21% (-7.4%) [Q2]
9% less capital invested
Capital invested by funds: $289M [Q1] → $264M (-$24.9M) [Q2]
10% less funds holding
Funds holding: 86 [Q1] → 77 (-9) [Q2]
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
Financial journalist opinion
