American Century Companies Inc. Has $1.36 Million Stake in NACCO Industries, Inc. $NC

American Century Companies Inc. reduced its position in NACCO Industries, Inc. (NYSE:NC) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,250 shares of the company’s stock after selling 747 shares during the quarter. American Century Companies Inc. owned about 0.54% of NACCO Industries worth $1,358,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NC. PNC Financial Services Group Inc. increased its holdings in NACCO Industries by 343.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,556 shares of the company’s stock valued at $2,346,000 after buying an additional 53,873 shares during the period. Nuveen LLC bought a new stake in shares of NACCO Industries during the 1st quarter valued at approximately $445,000. Bank of America Corp DE grew its holdings in shares of NACCO Industries by 21.7% during the 4th quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after purchasing an additional 1,158 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of NACCO Industries by 232.9% during the 4th 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 during the last quarter. Finally, Barclays PLC grew its holdings in shares of NACCO Industries by 11.0% during the 4th quarter. Barclays PLC now owns 7,771 shares of the company’s stock valued at $232,000 after purchasing an additional 767 shares during the last quarter. 49.10% of the stock is owned by institutional investors.

NACCO Industries Stock Up 1.7%

NYSE:NC opened at $39.79 on Wednesday. The firm’s 50 day simple moving average is $39.47 and its 200 day simple moving average is $36.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.91 and a quick ratio of 2.90. NACCO Industries, Inc. has a one year low of $25.19 and a one year high of $45.50. The company has a market cap of $296.42 million, a PE ratio of 9.34 and a beta of 0.75.

NACCO Industries (NYSE:NC) last posted its earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter. NACCO Industries had a net margin of 11.79% and a return on equity of 7.72%. The business had revenue of $68.24 million for the quarter.

NACCO Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $0.2525 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. NACCO Industries’s dividend payout ratio is currently 23.71%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of NACCO Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th.

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.