NACCO Industries (NYSE:NC) Releases Quarterly Earnings Results

NACCO Industries (NYSE:NC) issued its quarterly earnings data on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. NACCO Industries had a return on equity of 5.04% and a net margin of 7.84%.The company had revenue of $72.31 million for the quarter.

NACCO Industries Trading Down 0.9%

NC traded down $0.41 during trading on Wednesday, hitting $47.34. The company’s stock had a trading volume of 11,401 shares, compared to its average volume of 11,908. The firm’s 50 day moving average price is $49.46 and its 200-day moving average price is $50.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.30 and a quick ratio of 2.35. The stock has a market cap of $356.97 million, a PE ratio of 16.50 and a beta of 0.45. NACCO Industries has a twelve month low of $35.43 and a twelve month high of $59.42.

NACCO Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from NACCO Industries’s previous quarterly dividend of $0.25. NACCO Industries’s dividend payout ratio is presently 36.59%.

Institutional Investors Weigh In On NACCO Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in NC. Saber Capital Managment LLC purchased a new position in NACCO Industries during the fourth quarter worth about $1,121,000. Strs Ohio purchased a new stake in NACCO Industries in the 4th quarter valued at about $505,000. Apeiron RIA LLC purchased a new stake in NACCO Industries in the 4th quarter valued at about $223,000. Russell Investments Group Ltd. increased its stake in shares of NACCO Industries by 1,788.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock valued at $86,000 after acquiring an additional 1,932 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of NACCO Industries during the 1st quarter valued at about $219,000. Hedge funds and other institutional investors own 49.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About NACCO Industries

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.