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

Key Points

• NACCO Industries' stock has received a "hold (C)" rating, reaffirmed by Weiss Ratings, as well as a downgrade to a "hold" rating from Wall Street Zen.
• The company's recent quarterly earnings reported an EPS of $0.44 and total revenue of $68.24 million, demonstrating a net margin of 11.79%.
• Insider trading activity includes the sale of 3,208 shares by SVP Elizabeth Loveman, reducing her ownership by 12.21%, while 49.10% of the stock is now owned by institutional investors and hedge funds.

NACCO Industries (NYSE:NC - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Saturday,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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

NACCO Industries Stock Performance

Shares of NACCO Industries stock opened at $43.71 on Friday. The firm has a market cap of $325.62 million, a P/E ratio of 10.26 and a beta of 0.72. The company has a current ratio of 3.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.22. NACCO Industries has a 12 month low of $26.80 and a 12 month high of $45.50. The stock's fifty day moving average price is $40.84 and its 200-day moving average price is $38.84.

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

Insider Activity at NACCO Industries

In related news, SVP Elizabeth Loveman sold 3,208 shares of NACCO Industries stock in a transaction dated 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 owned 23,066 shares of the company's stock, valued at $903,725.88. The trade was a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 43.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nuveen LLC acquired a new position in NACCO Industries in the first quarter valued at approximately $445,000. Mudita Advisors LLP purchased a new stake in shares of NACCO Industries in the first quarter valued at approximately $2,910,000. PNC Financial Services Group Inc. increased its position in shares of 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 buying an additional 53,873 shares in the last quarter. Penn Mutual Asset Management increased its position in shares of NACCO Industries by 17.9% during the first quarter. Penn Mutual Asset Management now owns 15,960 shares of the company's stock worth $538,000 after purchasing an additional 2,425 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in shares of NACCO Industries during the first quarter worth approximately $83,000. 49.10% of the stock is owned by institutional investors and hedge funds.

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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