NACCO Industries (NYSE:NC) Releases Earnings Results

NACCO Industries (NYSE:NC) announced its quarterly earnings data on Wednesday. The company reported $1.78 earnings per share for the quarter, Zacks reports. The firm had revenue of $76.61 million for the quarter. NACCO Industries had a return on equity of 7.72% and a net margin of 11.79%.

NACCO Industries Stock Performance

Shares of NYSE NC traded up $0.53 during trading hours on Friday, reaching $44.36. 3,277 shares of the stock were exchanged, compared to its average volume of 10,054. The firm has a market capitalization of $330.53 million, a price-to-earnings ratio of 10.41 and a beta of 0.74. The stock’s fifty day simple moving average is $41.75 and its 200 day simple moving average is $39.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.90 and a current ratio of 3.91. NACCO Industries has a 52 week low of $27.47 and a 52 week high of $45.50.

NACCO Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.2525 dividend. This represents a $1.01 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. NACCO Industries’s dividend payout ratio is currently 23.71%.

Insiders Place Their Bets

In other news, SVP Elizabeth Loveman sold 3,208 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $39.18, for a total value of $125,689.44. Following the completion of the sale, the senior vice president owned 23,066 shares of the company’s stock, valued at approximately $903,725.88. The trade was a 12.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 43.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in NACCO Industries by 362.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock valued at $70,000 after acquiring an additional 1,241 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of NACCO Industries during the first quarter worth $219,000. JPMorgan Chase & Co. raised its position in shares of NACCO Industries by 12.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,563 shares of the company’s stock worth $277,000 after acquiring an additional 718 shares in the last quarter. Rhumbline Advisers increased its holdings in NACCO Industries by 16.6% in the second quarter. Rhumbline Advisers now owns 7,455 shares of the company’s stock worth $330,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of NACCO Industries by 6.9% in the 1st quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock valued at $1,315,000 after acquiring an additional 2,528 shares in the last quarter. 49.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NC. Wall Street Zen cut shares of NACCO Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of NACCO Industries in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.