NACCO Industries, Inc. (NYSE:NC) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of NACCO Industries, Inc. (NYSE:NC - Free Report) by 97.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,325 shares of the company's stock after purchasing an additional 8,062 shares during the period. JPMorgan Chase & Co. owned 0.22% of NACCO Industries worth $487,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Barclays PLC boosted its holdings in shares of NACCO Industries by 365.4% in the 3rd quarter. Barclays PLC now owns 7,004 shares of the company's stock valued at $199,000 after purchasing an additional 5,499 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in NACCO Industries by 2.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company's stock valued at $569,000 after acquiring an additional 424 shares during the period. Empowered Funds LLC grew its position in NACCO Industries by 4.9% during the fourth 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 period. Finally, State Street Corp raised its holdings in shares of NACCO Industries by 1.0% in the 3rd quarter. State Street Corp now owns 78,276 shares of the company's stock worth $2,219,000 after purchasing an additional 763 shares during the period. Institutional investors and hedge funds own 49.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of NACCO Industries from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th.

NACCO Industries Trading Down 1.3 %

Shares of NC stock traded down $0.45 during mid-day trading on Tuesday, reaching $33.21. The company's stock had a trading volume of 11,969 shares, compared to its average volume of 14,855. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $246.82 million, a PE ratio of -14.31 and a beta of 0.54. The company's 50 day simple moving average is $34.19 and its 200-day simple moving average is $32.03. NACCO Industries, Inc. has a 12-month low of $25.19 and a 12-month high of $39.65.

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

NACCO Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 2.74%. The ex-dividend date was Monday, March 3rd. NACCO Industries's dividend payout ratio (DPR) 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.