NACCO Industries (NYSE:NC) Releases Earnings Results

NACCO Industries (NYSE:NC) posted its quarterly earnings results on Wednesday. The company reported $1.44 EPS for the quarter, FiscalAI reports. NACCO Industries had a return on equity of 4.00% and a net margin of 6.21%. The business had revenue of $80.49 million during the quarter.

NACCO Industries Price Performance

Shares of NACCO Industries stock traded down $0.51 during trading on Wednesday, reaching $34.06. 34,671 shares of the company’s stock were exchanged, compared to its average volume of 15,057. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.33 and a current ratio of 3.30. NACCO Industries has a 1-year low of $32.32 and a 1-year high of $59.42. The company has a market cap of $257.13 million, a P/E ratio of 14.81 and a beta of 0.57. The firm’s 50-day moving average price is $37.32 and its 200 day moving average price is $46.75.

NACCO Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Trading of NACCO Industries

Large investors have recently bought and sold shares of the business. Ancora Advisors LLC acquired a new stake in NACCO Industries in the second quarter valued at approximately $2,798,000. Squarepoint Ops LLC bought a new stake in shares of NACCO Industries during the second quarter worth $300,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 buying an additional 604 shares in the last quarter. Finally, Byrne Asset Management LLC increased its holdings in shares of NACCO Industries by 9.6% during the second quarter. Byrne Asset Management LLC now owns 4,567 shares of the company’s stock worth $229,000 after buying an additional 400 shares in the last quarter. 49.10% of the stock is owned by institutional investors and hedge funds.

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.