NACCO Industries (NYSE:NC) Issues Earnings Results

NACCO Industries (NYSE:NC) posted its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. NACCO Industries had a return on equity of 4.01% and a net margin of 6.21%.The business had revenue of $72.31 million during the quarter.

NACCO Industries Stock Up 0.3%

Shares of NACCO Industries stock traded up $0.11 during trading on Friday, reaching $43.00. The stock had a trading volume of 9,789 shares, compared to its average volume of 11,893. The company has a current ratio of 3.30, a quick ratio of 2.35 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $324.22 million, a price-to-earnings ratio of 18.70 and a beta of 0.45. The stock has a fifty day moving average price of $49.25 and a two-hundred day moving average price of $50.65. NACCO Industries has a 52 week low of $35.43 and a 52 week high of $59.42.

NACCO Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.2625 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.05 annualized dividend and a dividend yield of 2.4%. This is a positive change from NACCO Industries’s previous quarterly dividend of $0.25. NACCO Industries’s dividend payout ratio (DPR) is 36.59%.

Hedge Funds Weigh In On NACCO Industries

A number of large investors have recently bought and sold shares of NC. Saber Capital Managment LLC bought a new stake in NACCO Industries in the fourth quarter valued at approximately $1,121,000. Russell Investments Group Ltd. boosted its holdings in shares of NACCO Industries by 943.2% during the fourth quarter. Russell Investments Group Ltd. now owns 21,281 shares of the company’s stock worth $1,044,000 after acquiring an additional 19,241 shares during the period. Ancora Advisors LLC acquired a new position in shares of NACCO Industries in the third quarter valued at approximately $609,000. Strs Ohio bought a new position in shares of NACCO Industries during the fourth quarter worth approximately $505,000. Finally, Goldman Sachs Group Inc. acquired a new stake in NACCO Industries during the 4th quarter worth approximately $454,000. Institutional investors and hedge funds own 49.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About NACCO Industries

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.