NACCO Industries (NYSE:NC) Upgraded by StockNews.com to Buy Rating

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

NACCO Industries Stock Performance

NC opened at $33.06 on Thursday. The firm has a market cap of $241.27 million, a P/E ratio of -14.25 and a beta of 0.95. NACCO Industries has a 1-year low of $25.19 and a 1-year high of $34.74. The company has a 50 day simple moving average of $31.89 and a two-hundred day simple moving average of $29.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39.

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 during the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

Hedge Funds Weigh In On NACCO Industries

A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of NACCO Industries by 232.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock worth $37,000 after buying an additional 857 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of NACCO Industries by 18.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after buying an additional 394 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of NACCO Industries by 21.7% in the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock worth $194,000 after buying an additional 1,158 shares in the last quarter. Barclays PLC lifted its holdings in shares of NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after buying an additional 5,499 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of NACCO Industries by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after buying an additional 3,615 shares in the last quarter. 49.10% of the stock is currently owned by institutional investors.

About NACCO Industries

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.