NACCO Industries' (NC) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• NACCO Industries' stock has received a "hold (c)" rating from Weiss Ratings, reaffirming its current status in the market.
• Following an earnings report where the company reported $0.44 earnings per share, NACCO's stock price rose to $40.98 with a market cap of $305.30 million.
• Recent insider trading shows SVP Elizabeth Loveman sold over 3,200 shares, decreasing her ownership by 12.21%, while 49.10% of the stock is currently held by institutional investors.

NACCO Industries (NYSE:NC - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered NACCO Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, NACCO Industries presently has a consensus rating of "Hold".

NACCO Industries Price Performance

Shares of NC traded up $0.19 during midday trading on Wednesday, hitting $40.98. 1,304 shares of the company traded hands, compared to its average volume of 10,103. The stock has a 50-day moving average of $39.50 and a 200-day moving average of $37.97. 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 has a one year low of $26.31 and a one year high of $45.50. The firm has a market cap of $305.30 million, a P/E ratio of 9.62 and a beta of 0.72.

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

Insiders Place Their Bets

In other NACCO Industries news, SVP Elizabeth Loveman sold 3,208 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were 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 in the company, valued at $903,725.88. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 43.03% of the stock is owned by insiders.

Institutional Investors Weigh In On NACCO Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey bought a new stake in NACCO Industries in the 2nd quarter worth $41,000. Byrne Asset Management LLC grew its stake in shares of NACCO Industries by 105.6% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $46,000 after purchasing an additional 697 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in NACCO Industries by 362.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company's stock valued at $70,000 after purchasing an additional 1,241 shares during the period. Exchange Traded Concepts LLC raised its position in NACCO Industries by 30.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company's stock valued at $80,000 after purchasing an additional 559 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in NACCO Industries in the 1st quarter worth approximately $83,000. 49.10% of the stock is currently owned by institutional investors.

NACCO Industries Company 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.

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