NACCO Industries (NYSE:NC) Upgraded to “Buy” at StockNews.com

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

NACCO Industries Trading Up 1.5 %

NC opened at $33.06 on Thursday. NACCO Industries has a one year low of $25.19 and a one year high of $34.74. The company has a market cap of $241.27 million, a P/E ratio of -14.25 and a beta of 0.95. 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 $31.94 and its 200-day simple moving average is $30.01.

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

NACCO Industries Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its stake in NACCO Industries by 3.4% during the 4th quarter. Two Sigma Advisers LP now owns 21,316 shares of the company’s stock worth $636,000 after buying an additional 700 shares during the last quarter. Bank of America Corp DE lifted its position in NACCO Industries by 21.7% during the 4th quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock worth $194,000 after acquiring an additional 1,158 shares during the period. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 857 shares during the period. Barclays PLC lifted its position in NACCO Industries by 11.0% during the 4th quarter. Barclays PLC now owns 7,771 shares of the company’s stock worth $232,000 after acquiring an additional 767 shares during the period. Finally, Wells Fargo & Company MN lifted its position in NACCO Industries by 18.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after acquiring an additional 394 shares during the period. 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.