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

NACCO Industries (NYSE:NCGet 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:NCGet 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.

Featured Articles

Receive News & Ratings for NACCO Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NACCO Industries and related companies with MarketBeat.com's FREE daily email newsletter.