NACCO Industries (NYSE:NC – Get Rating) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Wednesday.
NACCO Industries Stock Down 2.8 %
Shares of NYSE:NC opened at $39.29 on Wednesday. NACCO Industries has a 1 year low of $24.19 and a 1 year high of $63.19. The business has a 50 day simple moving average of $43.38 and a two-hundred day simple moving average of $40.49. The firm has a market capitalization of $287.92 million, a PE ratio of 5.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.67 and a quick ratio of 4.14.
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NACCO Industries (NYSE:NC – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $1.72 earnings per share for the quarter. NACCO Industries had a return on equity of 15.07% and a net margin of 25.65%. The business had revenue of $55.02 million during the quarter.
Institutional Trading of NACCO Industries
Several large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in shares of NACCO Industries during the fourth quarter valued at about $49,000. Baird Financial Group Inc. purchased a new position in NACCO Industries in the fourth quarter worth approximately $236,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in NACCO Industries by 17.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,977 shares of the company's stock worth $326,000 after acquiring an additional 1,366 shares during the last quarter. American Century Companies Inc. lifted its stake in NACCO Industries by 37.7% in the fourth quarter. American Century Companies Inc. now owns 13,579 shares of the company's stock worth $493,000 after acquiring an additional 3,717 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of NACCO Industries by 34.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,005 shares of the company's stock valued at $40,000 after acquiring an additional 255 shares during the period. 50.26% of the stock is currently owned by hedge funds and other institutional investors.
NACCO Industries Company Profile
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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 for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana in the United States, as well as Navajo Nation in New Mexico.
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