NACCO Industries (NYSE:NC) Cut to “Hold” at StockNews.com

NACCO Industries (NYSE:NC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

NACCO Industries Stock Down 2.3 %

Shares of NYSE:NC opened at $33.87 on Friday. The firm has a 50 day simple moving average of $32.45 and a 200 day simple moving average of $30.51. NACCO Industries has a 52 week low of $25.19 and a 52 week 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 company has a market cap of $251.68 million, a PE ratio of -14.60 and a beta of 0.95.

NACCO Industries (NYSE:NC) last released its 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 company had revenue of $70.42 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in shares of NACCO Industries by 232.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock valued at $37,000 after acquiring an additional 857 shares in the last quarter. Wells Fargo & Company MN boosted its position in NACCO Industries by 18.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after purchasing an additional 394 shares during the last quarter. Bank of America Corp DE grew its stake in NACCO Industries by 21.7% in the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after purchasing an additional 1,158 shares in the last quarter. 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. Finally, JPMorgan Chase & Co. increased its position in NACCO Industries by 77.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after purchasing an additional 3,615 shares during the last quarter. Institutional investors and hedge funds own 49.10% of the company’s stock.

NACCO Industries Company Profile

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.