NACCO Industries (NYSE:NC) Downgraded to Hold at StockNews.com

NACCO Industries (NYSE:NC – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

NYSE:NC traded up $1.71 during midday trading on Thursday, hitting $56.96. 21,963 shares of the company were exchanged, compared to its average volume of 26,178. The company has a fifty day simple moving average of $45.85 and a 200 day simple moving average of $36.70. NACCO Industries has a fifty-two week low of $23.30 and a fifty-two week high of $57.46. The company has a current ratio of 5.67, a quick ratio of 4.14 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $417.40 million, a PE ratio of 7.94 and a beta of 0.86.

NACCO Industries (NYSE:NC – Get Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The company reported $1.07 EPS for the quarter. NACCO Industries had a net margin of 25.65% and a return on equity of 15.07%. The firm had revenue of $49.10 million for the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of NC. JPMorgan Chase & Co. increased its stake in NACCO Industries by 34.0% in the first quarter. JPMorgan Chase & Co. now owns 1,005 shares of the company’s stock valued at $40,000 after purchasing an additional 255 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of NACCO Industries in the first quarter valued at about $45,000. Barclays PLC boosted its holdings in shares of NACCO Industries by 41.9% in the third quarter. Barclays PLC now owns 1,486 shares of the company’s stock valued at $45,000 after acquiring an additional 439 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of NACCO Industries by 71.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,239 shares of the company’s stock valued at $45,000 after acquiring an additional 515 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of NACCO Industries in the fourth quarter valued at about $49,000. Institutional investors own 50.26% of the company’s stock.

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.

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