NACCO Industries (NYSE:NC) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of NACCO Industries (NYSE:NC) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

NACCO Industries Trading Down 0.6%

Shares of NYSE:NC opened at $36.25 on Friday. The stock has a market capitalization of $269.74 million, a price-to-earnings ratio of -15.62 and a beta of 0.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The stock’s 50-day simple moving average is $35.84 and its two-hundred day simple moving average is $33.10. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $39.65.

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

NACCO Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.2525 per share. This is a boost from NACCO Industries’s previous quarterly dividend of $0.23. This represents a $1.01 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, May 30th. NACCO Industries’s payout ratio is presently 21.81%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in shares of NACCO Industries by 232.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock valued at $37,000 after buying an additional 857 shares in the last quarter. Byrne Asset Management LLC lifted its position in shares of NACCO Industries by 105.6% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock valued at $46,000 after buying an additional 697 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of NACCO Industries by 18.7% during 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 in the last quarter. Exchange Traded Concepts LLC lifted its position 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 valued at $80,000 after buying an additional 559 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in shares of NACCO Industries during the 1st quarter valued at about $83,000. 49.10% of the stock is owned by hedge funds and other 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.