StockNews.com cut shares of NACCO Industries (NYSE:NC – Get Rating) from a buy rating to a hold rating in a report released on Wednesday morning.
NACCO Industries Stock Performance
Shares of NC opened at $40.34 on Wednesday. The firm has a 50-day moving average of $43.03 and a 200-day moving average of $40.57. NACCO Industries has a one year low of $24.19 and a one year high of $63.19. The company has a market cap of $295.69 million, a PE ratio of 3.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.01 and a quick ratio of 4.14.
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NACCO Industries (NYSE:NC – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $1.72 EPS for the quarter. The company had revenue of $55.02 million during the quarter. NACCO Industries had a net margin of 37.94% and a return on equity of 17.95%.
NACCO Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.207 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, May 27th. This is a boost from NACCO Industries's previous quarterly dividend of $0.20. NACCO Industries's dividend payout ratio (DPR) is currently 7.33%.
Institutional Trading of NACCO Industries
A number of hedge funds have recently modified their holdings of NC. Prescott Group Capital Management L.L.C. lifted its stake in shares of NACCO Industries by 320.6% during the 1st quarter. Prescott Group Capital Management L.L.C. now owns 122,791 shares of the company's stock worth $4,816,000 after buying an additional 93,595 shares during the last quarter. Corton Capital Inc. acquired a new stake in NACCO Industries in the 4th quarter worth about $634,000. McDonald Partners LLC acquired a new stake in NACCO Industries in the 1st quarter worth about $679,000. Renaissance Technologies LLC raised its stake in NACCO Industries by 6.3% in the 1st quarter. Renaissance Technologies LLC now owns 263,415 shares of the company's stock worth $10,331,000 after purchasing an additional 15,597 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in NACCO Industries by 703.1% in the 1st quarter. Acadian Asset Management LLC now owns 11,107 shares of the company's stock worth $434,000 after purchasing an additional 9,724 shares in the last quarter. Institutional investors and hedge funds own 50.26% of the company's stock.
About NACCO Industries
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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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