NACCO Industries (NYSE:NC - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.
NACCO Industries Stock Down 0.3 %
Shares of NC stock traded down $0.10 on Thursday, reaching $33.14. 5,674 shares of the company were exchanged, compared to its average volume of 14,537. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The company has a 50-day moving average of $31.97 and a 200-day moving average of $30.06. The company has a market cap of $241.79 million, a price-to-earnings ratio of -14.28 and a beta of 0.95. NACCO Industries has a one year low of $25.19 and a one year high of $34.74.
NACCO Industries (NYSE:NC - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share (EPS) for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%. The business had revenue of $70.42 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Trexquant Investment LP acquired a new stake in shares of NACCO Industries in the 4th quarter worth about $282,000. JPMorgan Chase & Co. increased its holdings in NACCO Industries by 97.6% during the 4th quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company's stock worth $487,000 after purchasing an additional 8,062 shares in the last quarter. Barclays PLC lifted its holdings in shares of NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company's stock valued at $199,000 after purchasing an additional 5,499 shares in the last quarter. Empowered Funds LLC boosted its position in shares of NACCO Industries by 5.3% during the third quarter. Empowered Funds LLC now owns 34,728 shares of the company's stock valued at $985,000 after buying an additional 1,742 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of NACCO Industries by 21.7% during the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company's stock valued at $194,000 after buying an additional 1,158 shares during the last quarter. 49.10% of the stock is currently owned by institutional investors and hedge funds.
NACCO Industries Company Profile
(
Get Free Report)
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.
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