NACCO Industries (NYSE:NC) Cut to “Hold” at StockNews.com

StockNews.com cut shares of NACCO Industries (NYSE:NC) from a buy rating to a hold rating in a report published on Saturday.

NACCO Industries Trading Down 0.1 %

NYSE:NC opened at $33.75 on Friday. The stock has a market cap of $250.83 million, a price-to-earnings ratio of -14.55 and a beta of 0.95. NACCO Industries has a one year low of $25.19 and a one year high of $34.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The business’s 50-day simple moving average is $32.50 and its 200 day simple moving average is $30.57.

NACCO Industries (NYSE:NC) last announced its earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share (EPS) for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%. The company had revenue of $70.42 million for the quarter.

NACCO Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, March 3rd. NACCO Industries’s dividend payout ratio is currently 19.87%.

Hedge Funds Weigh In On NACCO Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in shares of NACCO Industries by 232.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock worth $37,000 after purchasing an additional 857 shares during the period. Wells Fargo & Company MN increased its position in NACCO Industries by 18.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after buying an additional 394 shares during the period. Bank of America Corp DE lifted its stake in NACCO Industries by 21.7% in the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after buying an additional 1,158 shares during the last quarter. Barclays PLC boosted its holdings in shares of NACCO Industries by 365.4% during the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock valued at $199,000 after acquiring an additional 5,499 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of NACCO Industries by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock valued at $234,000 after purchasing an additional 3,615 shares during the period. Institutional investors and hedge funds own 49.10% of the company’s stock.

NACCO Industries Company Profile

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.