Bank of America Corp DE Acquires 1,158 Shares of NACCO Industries, Inc. (NYSE:NC)

Bank of America Corp DE boosted its holdings in NACCO Industries, Inc. (NYSE:NC) by 21.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,504 shares of the company’s stock after purchasing an additional 1,158 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of NACCO Industries worth $194,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NC. Trexquant Investment LP purchased a new position in NACCO Industries during the 4th quarter valued at approximately $282,000. JPMorgan Chase & Co. boosted 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 valued at $487,000 after acquiring an additional 8,062 shares during the last quarter. Empowered Funds LLC boosted its position 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 valued at $1,087,000 after acquiring an additional 1,716 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of NACCO Industries by 232.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock valued at $37,000 after purchasing an additional 857 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in NACCO Industries by 0.9% in the fourth 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. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Stock Down 0.6%

Shares of NYSE NC opened at $36.25 on Monday. The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17. NACCO Industries, Inc. has a 12-month low of $25.19 and a 12-month high of $39.65. The firm’s 50-day moving average price is $35.84 and its 200-day moving average price is $33.10. The stock has a market capitalization of $269.74 million, a price-to-earnings ratio of -15.62 and a beta of 0.61.

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

NACCO Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.2525 dividend. The ex-dividend date is Friday, May 30th. This is an increase from NACCO Industries’s previous quarterly dividend of $0.23. This represents a $1.01 dividend on an annualized basis and a yield of 2.79%. NACCO Industries’s dividend payout ratio (DPR) is currently 21.81%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of NACCO Industries from a “hold” rating to a “buy” rating in a research note on Sunday.

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.