NACCO Industries (NYSE:NC - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.
NACCO Industries Stock Up 1.3 %
Shares of NC stock traded up $0.44 on Friday, reaching $34.17. 5,676 shares of the company's stock traded hands, compared to its average volume of 14,654. The company has a market capitalization of $253.95 million, a P/E ratio of -14.73 and a beta of 0.95. NACCO Industries has a 12-month low of $25.19 and a 12-month high of $34.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The business's 50 day moving average price is $32.55 and its two-hundred day moving average price is $30.63.
NACCO Industries (NYSE:NC - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. The company 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%.
Hedge Funds Weigh In On NACCO Industries
A number of hedge funds have recently modified their holdings of NC. Barclays PLC grew its stake in 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. State Street Corp lifted its holdings 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 buying an additional 763 shares during the last quarter. Empowered Funds LLC grew its stake in shares of NACCO Industries by 4.9% in 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. JPMorgan Chase & Co. increased its holdings in NACCO Industries by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company's stock worth $234,000 after buying an additional 3,615 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in NACCO Industries by 2.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company's stock valued at $569,000 after acquiring an additional 424 shares in the last quarter. 49.10% of the stock is owned by institutional investors and hedge funds.
About NACCO Industries
(
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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