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

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 Stock Performance

NYSE:NC opened at $32.65 on Thursday. The stock has a 50 day simple moving average of $31.83 and a 200 day simple moving average of $29.94. NACCO Industries has a 1-year low of $25.19 and a 1-year 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 market cap of $238.21 million, a P/E ratio of -14.07 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. The business 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.2275 dividend. This represents a $0.91 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Monday, March 3rd. NACCO Industries’s dividend payout ratio is presently 19.87%.

Institutional Investors Weigh In On NACCO Industries

Several institutional investors have recently made changes to their positions in NC. Geode Capital Management LLC grew its stake in shares of NACCO Industries by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 86,635 shares of the company’s stock worth $2,584,000 after purchasing an additional 783 shares during the last quarter. State Street Corp grew its position in shares of NACCO Industries by 1.0% during the 3rd quarter. State Street Corp now owns 78,276 shares of the company’s stock valued at $2,219,000 after acquiring an additional 763 shares during the period. Empowered Funds LLC lifted its stake in shares of NACCO Industries by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock valued at $1,087,000 after buying an additional 1,716 shares in the last quarter. Two Sigma Advisers LP lifted its stake in NACCO Industries by 3.4% in the 4th quarter. Two Sigma Advisers LP now owns 21,316 shares of the company’s stock worth $636,000 after purchasing an additional 700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in NACCO Industries by 2.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock worth $569,000 after purchasing an additional 424 shares in 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.