NACCO Industries (NYSE:NC) Upgraded at StockNews.com

StockNews.com upgraded shares of NACCO Industries (NYSE:NC) from a hold rating to a buy rating in a report released on Thursday morning.

NACCO Industries Trading Up 1.5 %

Shares of NYSE NC opened at $33.06 on Thursday. NACCO Industries has a twelve month low of $25.19 and a twelve month high of $34.74. The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $31.94 and a 200-day simple moving average of $30.01. The stock has a market capitalization of $241.27 million, a PE ratio of -14.25 and a beta of 0.95.

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

NACCO Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.2275 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.91 annualized dividend and a yield of 2.75%. NACCO Industries’s dividend payout ratio (DPR) is 19.87%.

Institutional Investors Weigh In On NACCO Industries

Several large investors have recently bought and sold shares of NC. Trexquant Investment LP purchased a new stake in NACCO Industries during the 4th quarter worth about $282,000. JPMorgan Chase & Co. increased its holdings in shares of NACCO Industries by 97.6% in the 4th quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company’s stock valued at $487,000 after acquiring an additional 8,062 shares during the last quarter. Barclays PLC increased its holdings in shares of NACCO Industries by 365.4% in the 3rd 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 last quarter. Empowered Funds LLC increased its holdings in shares of NACCO Industries by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 34,728 shares of the company’s stock valued at $985,000 after acquiring an additional 1,742 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of NACCO Industries by 21.7% in the 4th quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after acquiring an additional 1,158 shares during the last quarter. Hedge funds and other institutional investors own 49.10% of the company’s stock.

About NACCO Industries

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.