NACCO Industries, Inc. (NYSE:NC) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in NACCO Industries, Inc. (NYSE:NC) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 86,635 shares of the company’s stock after purchasing an additional 783 shares during the period. Geode Capital Management LLC owned about 1.19% of NACCO Industries worth $2,584,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in NACCO Industries by 2.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock valued at $569,000 after purchasing an additional 424 shares during the last quarter. State Street Corp lifted its position in shares of NACCO Industries by 1.0% in the third quarter. State Street Corp now owns 78,276 shares of the company’s stock valued at $2,219,000 after acquiring an additional 763 shares in the last quarter. Empowered Funds LLC lifted its position in shares of NACCO Industries by 4.9% in the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock valued at $1,087,000 after acquiring an additional 1,716 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of NACCO Industries by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock valued at $234,000 after acquiring an additional 3,615 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of 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 acquiring an additional 5,499 shares in the last quarter. Institutional investors and hedge funds own 49.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded NACCO Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.

NACCO Industries Stock Down 3.3 %

Shares of NYSE:NC opened at $34.46 on Tuesday. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17. NACCO Industries, Inc. has a 52-week low of $25.19 and a 52-week high of $39.65. The stock’s fifty day simple moving average is $33.96 and its 200-day simple moving average is $31.80. The company has a market capitalization of $256.11 million, a P/E ratio of -14.85 and a beta of 0.69.

NACCO Industries (NYSE:NC) last released its earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%. The firm had revenue of $70.42 million for the quarter.

NACCO Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.2275 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.91 annualized dividend and a yield of 2.64%. NACCO Industries’s dividend payout ratio (DPR) is presently 19.87%.

NACCO Industries 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.