NACCO Industries (NYSE:NC) Issues Quarterly Earnings Results

NACCO Industries (NYSE:NC) issued its quarterly earnings data on Wednesday. The company reported $1.44 EPS for the quarter, FiscalAI reports. NACCO Industries had a net margin of 5.29% and a return on equity of 3.44%. The business had revenue of $80.49 million during the quarter.

NACCO Industries Stock Up 1.7%

NC traded up $0.58 during trading on Friday, reaching $33.86. The stock had a trading volume of 24,192 shares, compared to its average volume of 15,165. The stock’s 50 day moving average is $36.98 and its two-hundred day moving average is $46.63. The company has a current ratio of 3.30, a quick ratio of 2.33 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $255.64 million, a price-to-earnings ratio of 17.28 and a beta of 0.57. NACCO Industries has a one year low of $32.32 and a one year high of $59.42.

NACCO Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.2625 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.05 dividend on an annualized basis and a yield of 3.1%. NACCO Industries’s dividend payout ratio is 45.65%.

Institutional Trading of NACCO Industries

Hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC bought a new position in shares of NACCO Industries in the 2nd quarter worth about $300,000. Ancora Advisors LLC lifted its position in NACCO Industries by 17.5% during the 2nd quarter. Ancora Advisors LLC now owns 55,903 shares of the company’s stock valued at $2,798,000 after acquiring an additional 8,344 shares during the period. Byrne Asset Management LLC lifted its position in NACCO Industries by 9.6% during the 2nd quarter. Byrne Asset Management LLC now owns 4,567 shares of the company’s stock valued at $229,000 after acquiring an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in NACCO Industries by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock worth $2,516,000 after acquiring an additional 604 shares in the last quarter. Institutional investors own 49.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of NACCO Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

NACCO Industries Company Profile

NACCO Industries, Inc is a natural resources company that provides mining and natural resource development services primarily in the United States. Through its subsidiaries, the company operates in coal mining, aggregates and minerals management, serving customers in the power generation, industrial and construction sectors.

Its principal business is conducted through The North American Coal Corporation, which develops and operates surface coal mines under long-term contracts for electric utilities and industrial customers.