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 Tuesday morning.

NACCO Industries Price Performance

NC opened at $36.75 on Tuesday. The firm has a 50-day moving average price of $34.46 and a 200-day moving average price of $32.34. NACCO Industries has a twelve month low of $25.19 and a twelve month high of $39.65. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $273.49 million, a price-to-earnings ratio of -15.84 and a beta of 0.54.

NACCO Industries (NYSE:NC) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $65.57 million during the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

NACCO Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a yield of 2.48%. NACCO Industries’s dividend payout ratio (DPR) is 19.65%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of NACCO Industries by 232.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock worth $37,000 after buying an additional 857 shares in the last quarter. Byrne Asset Management LLC lifted its stake in NACCO Industries by 105.6% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock worth $46,000 after purchasing an additional 697 shares in the last quarter. Wells Fargo & Company MN lifted its stake in NACCO Industries by 18.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after purchasing an additional 394 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in NACCO Industries by 30.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company’s stock valued at $80,000 after purchasing an additional 559 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in shares of NACCO Industries during the 1st quarter valued at $83,000. 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.