NACCO Industries (NYSE:NC) Upgraded to “Buy” at StockNews.com

NACCO Industries (NYSE:NC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

NACCO Industries Stock Performance

NACCO Industries stock traded down $0.14 during trading hours on Thursday, hitting $32.65. 3,957 shares of the stock traded hands, compared to its average volume of 14,831. 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 firm’s 50 day moving average price is $31.83 and its 200-day moving average price is $29.94. The stock has a market capitalization of $238.21 million, a price-to-earnings ratio of -14.07 and a beta of 0.95. NACCO Industries has a 1 year low of $25.19 and a 1 year high of $34.74.

NACCO Industries (NYSE:NC) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. The business 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%.

Hedge Funds Weigh In On NACCO Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its holdings in shares of NACCO Industries by 232.9% in 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 during the period. Wells Fargo & Company MN lifted its holdings in shares of NACCO Industries by 18.7% in 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 during the period. Bank of America Corp DE lifted its holdings in shares of NACCO Industries by 21.7% in the 4th 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 during the period. Barclays PLC lifted its holdings in shares of NACCO Industries by 365.4% in the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock valued at $199,000 after buying an additional 5,499 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of NACCO Industries by 77.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock valued at $234,000 after buying an additional 3,615 shares during the period. 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.