Nuveen LLC purchased a new position in shares of NACCO Industries, Inc. (NYSE:NC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,194 shares of the company's stock, valued at approximately $445,000. Nuveen LLC owned about 0.18% of NACCO Industries at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in NACCO Industries by 343.5% in the first 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. Exchange Traded Concepts LLC boosted its holdings in NACCO Industries by 30.9% in the first quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company's stock valued at $80,000 after acquiring an additional 559 shares during the last quarter. Byrne Asset Management LLC boosted its holdings in NACCO Industries by 105.6% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $46,000 after acquiring an additional 697 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in NACCO Industries by 3.4% in the fourth 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. Finally, Bank of America Corp DE boosted its holdings in NACCO Industries by 21.7% in the fourth 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.
NACCO Industries Stock Down 4.1%
Shares of NYSE:NC traded down $1.62 during trading on Friday, reaching $38.16. 9,527 shares of the stock were exchanged, compared to its average volume of 6,525. 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 1-year low of $25.19 and a 1-year high of $45.50. The stock has a fifty day moving average of $39.29 and a two-hundred day moving average of $36.63. The firm has a market cap of $284.27 million, a price-to-earnings ratio of 8.96 and a beta of 0.75.
NACCO Industries (NYSE:NC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter. NACCO Industries had a return on equity of 7.72% and a net margin of 11.79%.The business had revenue of $68.24 million during the quarter.
NACCO Industries Announces Dividend
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 given 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 2.6%. NACCO Industries's dividend payout ratio (DPR) is currently 23.71%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut NACCO Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.
Check Out Our Latest Stock Report on NC
Insider Activity
In other news, SVP Elizabeth Loveman sold 3,208 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president directly owned 23,066 shares of the company's stock, valued at $903,725.88. This trade represents a 12.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 43.03% of the stock is currently owned by corporate insiders.
About NACCO Industries
(
Free Report)
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.
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