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 for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana in the United States, as well as Navajo Nation in New Mexico. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium, and other minerals; and contract mining services for independently owned mines and quarries in Florida, Texas, Arkansas, and Indiana. The Minerals Management segment is involved in the leasing of its royalty and mineral interests to third-party exploration and production companies, and other mining companies, which grants them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal. The company was founded in 1913 and is headquartered in Cleveland, Ohio.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of NACCO Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, August 3rd.
NACCO Industries Trading Up 2.7 %
NACCO Industries stock opened at $40.34 on Monday. The firm has a 50-day moving average price of $43.03 and a two-hundred day moving average price of $40.61. The firm has a market capitalization of $295.61 million, a price-to-earnings ratio of 3.56 and a beta of 1.00. NACCO Industries has a 52-week low of $24.19 and a 52-week high of $63.19. The company has a quick ratio of 4.14, a current ratio of 5.01 and a debt-to-equity ratio of 0.04.
NACCO Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a $0.207 dividend. This is a positive change from NACCO Industries's previous quarterly dividend of $0.20. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, May 27th. NACCO Industries's dividend payout ratio is currently 7.33%.