NACCO Industries (NYSE:NC) Raised to Buy at Wall Street Zen

NACCO Industries (NYSE:NC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

NACCO Industries Price Performance

NACCO Industries stock opened at $36.25 on Friday. The stock has a market capitalization of $269.74 million, a price-to-earnings ratio of -15.62 and a beta of 0.61. The stock’s 50 day moving average price is $35.84 and its two-hundred day moving average price is $33.10. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $39.65. 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 posted its earnings results on Wednesday, April 30th. The company reported $0.66 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 firm had revenue of $65.57 million for the quarter.

Institutional Trading of NACCO Industries

A number of institutional investors have recently added to or reduced their stakes in NC. Empowered Funds LLC lifted its holdings in shares of NACCO Industries by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock worth $1,087,000 after acquiring an additional 1,716 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 acquiring an additional 424 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NACCO Industries by 97.6% in the fourth quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company’s stock worth $487,000 after acquiring an additional 8,062 shares during the last quarter. Geode Capital Management LLC raised its holdings in NACCO Industries by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 86,635 shares of the company’s stock worth $2,584,000 after purchasing an additional 783 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of NACCO Industries during the fourth quarter valued at about $282,000. 49.10% of the stock is owned by hedge funds and other institutional investors.

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.