StockNews.com Downgrades NACCO Industries (NYSE:NC) to Hold

NACCO Industries (NYSE:NC) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

NACCO Industries Stock Performance

NYSE NC opened at $33.87 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. NACCO Industries has a 1-year low of $25.19 and a 1-year high of $34.78. The firm has a market capitalization of $251.68 million, a P/E ratio of -14.60 and a beta of 0.95. The business’s 50-day simple moving average is $32.45 and its 200-day simple moving average is $30.44.

NACCO Industries (NYSE:NC) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%. The firm had revenue of $70.42 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in shares of NACCO Industries by 18.7% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NACCO Industries by 2.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock worth $569,000 after acquiring an additional 424 shares during the period. Two Sigma Advisers LP grew its position in NACCO Industries by 3.4% in the fourth quarter. Two Sigma Advisers LP now owns 21,316 shares of the company’s stock valued at $636,000 after acquiring an additional 700 shares in the last quarter. State Street Corp raised its stake in shares of NACCO Industries by 1.0% during the third quarter. State Street Corp now owns 78,276 shares of the company’s stock valued at $2,219,000 after purchasing an additional 763 shares during the period. Finally, Barclays PLC lifted its position in shares of NACCO Industries by 11.0% during the fourth quarter. Barclays PLC now owns 7,771 shares of the company’s stock worth $232,000 after purchasing an additional 767 shares in the last quarter. Institutional investors and hedge funds own 49.10% of the company’s stock.

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.