MetLife Investment Management LLC Takes $83,000 Position in NACCO Industries, Inc. $NC

MetLife Investment Management LLC purchased a new stake in shares of NACCO Industries, Inc. (NYSE:NC) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,449 shares of the company’s stock, valued at approximately $83,000.

A number of other large investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of NACCO Industries by 343.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 69,556 shares of the company’s stock valued at $2,346,000 after acquiring an additional 53,873 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of NACCO Industries by 3.4% during the 4th quarter. Two Sigma Advisers LP now owns 21,316 shares of the company’s stock valued at $636,000 after acquiring an additional 700 shares during the last quarter. Penn Mutual Asset Management boosted its position in shares of NACCO Industries by 17.9% during the 1st quarter. Penn Mutual Asset Management now owns 15,960 shares of the company’s stock valued at $538,000 after acquiring an additional 2,425 shares during the last quarter. Nuveen LLC bought a new stake in shares of NACCO Industries during the 1st quarter valued at about $445,000. Finally, Bank of America Corp DE boosted its position 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 acquiring an additional 1,158 shares during the last quarter. Institutional investors own 49.10% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, SVP Elizabeth Loveman sold 3,208 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $39.18, for a total transaction of $125,689.44. Following the transaction, the senior vice president directly owned 23,066 shares of the company’s stock, valued at approximately $903,725.88. The trade was a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 43.03% of the company’s stock.

NACCO Industries Stock Performance

Shares of NC stock opened at $39.63 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.90 and a current ratio of 3.91. NACCO Industries, Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $45.50. The company has a market capitalization of $295.24 million, a P/E ratio of 9.30 and a beta of 0.75. The stock has a 50 day moving average price of $39.06 and a two-hundred day moving average price of $36.75.

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

NACCO Industries Dividend Announcement

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

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.