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.
Get NACCO Industries alerts: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
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on NACCO Industries (NC)
- Can FuelCell Energy Surge Higher This Year?
- Is It Time to Take a Ride on Cedar Fair Stock?
- Time To Take A Serious Look At Nikola Stock As Production Starts
- These Are The Top Insider Buying Stocks For July
- Chipotle Mexican Grill Or Shake Shak? Which Is The Tastier Play
Receive News & Ratings for NACCO Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NACCO Industries and related companies with MarketBeat.com's FREE daily email newsletter.