JPMorgan Chase & Co. Grows Stock Position in NACCO Industries, Inc. (NYSE:NC)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 worth $569,000 after purchasing an additional 424 shares in the last quarter. Empowered Funds LLC increased its stake in NACCO Industries by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,444 shares of the company's stock worth $1,087,000 after buying an additional 1,716 shares in the last quarter. Barclays PLC raised its holdings in shares of NACCO Industries by 365.4% during the third quarter. Barclays PLC now owns 7,004 shares of the company's stock valued at $199,000 after acquiring an additional 5,499 shares during the last quarter. Finally, State Street Corp lifted its position in shares of NACCO Industries by 1.0% in the third quarter. State Street Corp now owns 78,276 shares of the company's stock valued at $2,219,000 after acquiring an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 49.10% of the company's stock.

NACCO Industries Price Performance

Shares of NYSE NC traded up $1.15 during mid-day trading on Friday, reaching $34.61. The company's stock had a trading volume of 15,856 shares, compared to its average volume of 14,944. The stock has a market capitalization of $257.22 million, a P/E ratio of -14.92 and a beta of 0.54. NACCO Industries, Inc. has a 1-year low of $25.19 and a 1-year high of $39.65. The stock has a 50-day moving average of $34.14 and a two-hundred day moving average of $31.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76.

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

NACCO Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.2275 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, March 3rd. NACCO Industries's dividend payout ratio (DPR) is presently 19.65%.

Analyst Ratings Changes

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

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.