NACCO Industries (NYSE:NC) Announces Earnings Results

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

NACCO Industries Price Performance

Shares of NACCO Industries stock traded down $4.25 on Thursday, reaching $42.95. The stock had a trading volume of 6,012 shares, compared to its average volume of 11,866. The company has a market cap of $323.92 million, a P/E ratio of 14.97 and a beta of 0.45. The company has a current ratio of 3.30, a quick ratio of 2.35 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $49.41 and its two-hundred day moving average is $50.68. NACCO Industries has a 1 year low of $35.43 and a 1 year high of $59.42.

NACCO Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.2625 per share. This is a boost from NACCO Industries’s previous quarterly dividend of $0.25. This represents a $1.05 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, June 1st. NACCO Industries’s dividend payout ratio (DPR) is currently 36.59%.

Institutional Investors Weigh In On NACCO Industries

Several hedge funds have recently bought and sold shares of NC. Tower Research Capital LLC TRC raised its position in shares of NACCO Industries by 362.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock valued at $70,000 after buying an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. raised its position in NACCO Industries by 1,788.9% during the third quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock valued at $86,000 after purchasing an additional 1,932 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in NACCO Industries during the fourth quarter worth about $122,000. Kovack Advisors Inc. purchased a new position in shares of NACCO Industries in the 4th quarter worth about $204,000. Finally, Baird Financial Group Inc. bought a new position in shares of NACCO Industries during the 1st quarter valued at about $219,000. 49.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NACCO Industries has a consensus rating of “Hold”.

NACCO Industries Company Profile

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.