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

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

NACCO Industries Stock Down 2.3 %

NC opened at $33.87 on Friday. The stock’s 50 day moving average price is $32.45 and its 200 day moving average price is $30.51. 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 cap of $251.68 million, a P/E ratio of -14.60 and a beta of 0.95. NACCO Industries has a 12 month low of $25.19 and a 12 month high of $34.78.

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

Institutional Investors Weigh In On NACCO Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP boosted its stake in NACCO Industries by 3.4% during the 4th quarter. Two Sigma Advisers LP now owns 21,316 shares of the company’s stock valued at $636,000 after purchasing an additional 700 shares in the last quarter. Bank of America Corp DE boosted its stake in NACCO Industries by 21.7% during the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after buying an additional 1,158 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake 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 valued at $37,000 after buying an additional 857 shares in the last quarter. Barclays PLC grew its holdings in 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 acquiring an additional 767 shares during the period. Finally, Wells Fargo & Company MN raised its position in NACCO Industries by 18.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after acquiring an additional 394 shares in the last quarter. Institutional investors own 49.10% of the company’s stock.

About NACCO Industries

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.