NACCO Industries, Inc. (NYSE:NC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.71 and traded as high as $36.22. NACCO Industries shares last traded at $35.86, with a volume of 5,202 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded NACCO Industries from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.
Read Our Latest Stock Report on NACCO Industries
NACCO Industries Price Performance
The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The stock has a market capitalization of $268.14 million, a price-to-earnings ratio of -15.53 and a beta of 0.54. The stock's 50 day simple moving average is $35.27 and its 200-day simple moving average is $32.84.
NACCO Industries (NYSE:NC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $65.57 million during the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.
NACCO Industries Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.2525 per share. This represents a $1.01 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Friday, May 30th. This is an increase from NACCO Industries's previous quarterly dividend of $0.23. NACCO Industries's dividend payout ratio is 21.81%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in NC. Tower Research Capital LLC TRC boosted its position in NACCO Industries by 232.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company's stock worth $37,000 after purchasing an additional 857 shares during the period. Byrne Asset Management LLC lifted 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 buying an additional 697 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of NACCO Industries by 30.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company's stock worth $80,000 after buying an additional 559 shares during the period. MetLife Investment Management LLC acquired a new position in NACCO Industries in the 1st quarter valued at $83,000. Finally, Wells Fargo & Company MN grew its stake in NACCO Industries by 18.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after buying an additional 394 shares during the last quarter. 49.10% of the stock is owned by institutional investors.
About NACCO Industries
(
Get 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.
Further Reading
Before you consider NACCO Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NACCO Industries wasn't on the list.
While NACCO Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
