LSV Asset Management Has $1.46 Million Stake in NACCO Industries, Inc. (NYSE:NC)

LSV Asset Management reduced its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,870 shares of the company’s stock after selling 2,758 shares during the quarter. LSV Asset Management owned approximately 0.53% of NACCO Industries worth $1,455,000 as of its most recent filing with the SEC.

Separately, Bank of New York Mellon Corp raised its stake in shares of NACCO Industries by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 54,699 shares of the company’s stock worth $1,918,000 after purchasing an additional 361 shares in the last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Stock Up 1.6 %

NC stock opened at $32.40 on Friday. The company has a current ratio of 3.33, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The firm has a market cap of $242.87 million, a PE ratio of -5.96 and a beta of 0.82. NACCO Industries, Inc. has a 1 year low of $27.26 and a 1 year high of $38.66. The company has a fifty day simple moving average of $29.61 and a 200 day simple moving average of $33.39.

NACCO Industries (NYSE:NC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.61 earnings per share for the quarter. NACCO Industries had a positive return on equity of 2.79% and a negative net margin of 18.68%. The company had revenue of $53.29 million during the quarter.

NACCO Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.2175 per share. The ex-dividend date was Friday, March 1st. This represents a $0.87 annualized dividend and a yield of 2.69%. NACCO Industries’s dividend payout ratio (DPR) is presently -15.99%.

Insider Activity

In other news, SVP Thomas A. Maxwell sold 866 shares of NACCO Industries stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.64, for a total value of $25,668.24. Following the transaction, the senior vice president now directly owns 8,834 shares in the company, valued at $261,839.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 41.26% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet downgraded NACCO Industries from a “b-” rating to a “c+” rating in a report on Thursday, March 7th.

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.