Dimensional Fund Advisors LP Reduces Holdings in NACCO Industries, Inc. (NYSE:NC)

Dimensional Fund Advisors LP cut its stake in NACCO Industries, Inc. (NYSE:NC - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 418,006 shares of the company's stock after selling 12,274 shares during the period. Dimensional Fund Advisors LP owned about 5.73% of NACCO Industries worth $12,465,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NC. Trexquant Investment LP acquired a new position in NACCO Industries in the 4th quarter valued at about $282,000. JPMorgan Chase & Co. increased 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 valued at $487,000 after purchasing an additional 8,062 shares during the period. Barclays PLC raised its stake in shares of NACCO Industries by 365.4% during the third quarter. Barclays PLC now owns 7,004 shares of the company's stock worth $199,000 after purchasing an additional 5,499 shares during the last quarter. Empowered Funds LLC raised its stake in shares of NACCO Industries by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company's stock worth $1,087,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of NACCO Industries by 0.9% during 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 period. Institutional investors and hedge funds own 49.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of NACCO Industries from a "hold" rating to a "buy" rating in a research note on Tuesday.

NACCO Industries Stock Performance

NYSE NC traded up $0.50 on Thursday, hitting $35.70. 6,429 shares of the company's stock were exchanged, compared to its average volume of 14,722. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. NACCO Industries, Inc. has a fifty-two week low of $25.19 and a fifty-two week high of $39.65. The firm has a market cap of $265.68 million, a price-to-earnings ratio of -15.48 and a beta of 0.54. The firm's 50-day moving average price is $34.37 and its two-hundred day moving average price is $32.27.

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

NACCO Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.2275 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.91 annualized dividend and a yield of 2.55%. NACCO Industries's dividend payout ratio is presently 19.65%.

NACCO Industries 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.