NACCO Industries (NYSE:NC) Issues Earnings Results

NACCO Industries (NYSE:NC) issued its earnings results on Wednesday. The company reported ($0.52) earnings per share (EPS) for the quarter, FiscalAI reports. NACCO Industries had a net margin of 6.34% and a return on equity of 4.22%. The company had revenue of $66.78 million for the quarter.

NACCO Industries Stock Performance

NC stock traded down $0.63 during mid-day trading on Friday, reaching $50.05. 1,791 shares of the stock traded hands, compared to its average volume of 10,687. NACCO Industries has a 52 week low of $30.00 and a 52 week high of $59.42. The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $373.37 million, a PE ratio of 21.21 and a beta of 0.45. The business has a 50-day moving average of $51.51 and a two-hundred day moving average of $46.54.

NACCO Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.2525 dividend. This represents a $1.01 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. NACCO Industries’s dividend payout ratio (DPR) is 25.90%.

NACCO Industries declared that its board has authorized a share buyback program on Tuesday, November 18th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On NACCO Industries

Several large investors have recently bought and sold shares of the stock. Barclays PLC raised its holdings in NACCO Industries by 10.6% in the 4th quarter. Barclays PLC now owns 6,406 shares of the company’s stock valued at $314,000 after acquiring an additional 614 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in NACCO Industries by 12.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,563 shares of the company’s stock worth $277,000 after buying an additional 718 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in NACCO Industries by 1.6% in the third quarter. PNC Financial Services Group Inc. now owns 47,024 shares of the company’s stock valued at $1,983,000 after acquiring an additional 759 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NACCO Industries by 4.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,853 shares of the company’s stock valued at $880,000 after purchasing an additional 774 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in NACCO Industries in the second quarter valued at approximately $41,000. 49.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of NACCO Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

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.