NACCO Industries (NYSE:NC) Raised to “Buy” at StockNews.com

NACCO Industries (NYSE:NC) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

NACCO Industries Stock Up 2.1%

Shares of NACCO Industries stock opened at $35.41 on Tuesday. The business’s 50 day simple moving average is $34.37 and its 200 day simple moving average is $32.27. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $39.65. The firm has a market cap of $263.52 million, a PE ratio of -15.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76.

NACCO Industries (NYSE:NC) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $65.57 million for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NC. PNC Financial Services Group Inc. increased its position in NACCO Industries by 343.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 69,556 shares of the company’s stock worth $2,346,000 after buying an additional 53,873 shares during the period. Nuveen LLC acquired a new position in shares of NACCO Industries during the 1st quarter worth approximately $445,000. Trexquant Investment LP acquired a new position in shares of NACCO Industries during the 4th quarter worth approximately $282,000. JPMorgan Chase & Co. grew its position in shares of NACCO Industries by 97.6% during the 4th quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company’s stock worth $487,000 after purchasing an additional 8,062 shares in the last quarter. Finally, Barclays PLC grew its position in shares of NACCO Industries by 365.4% during the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after purchasing an additional 5,499 shares in the last quarter. Institutional investors own 49.10% of the company’s stock.

About NACCO Industries

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.