TIAA CREF Investment Management LLC grew its position in NACCO Industries, Inc. (NYSE:NC) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,201 shares of the company’s stock after acquiring an additional 916 shares during the quarter. TIAA CREF Investment Management LLC owned 0.21% of NACCO Industries worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in shares of NACCO Industries by 2.1% during the 2nd quarter. Wells Fargo & Company MN now owns 3,304 shares of the company’s stock valued at $234,000 after purchasing an additional 67 shares during the last quarter. Teachers Advisors LLC increased its position in shares of NACCO Industries by 5.3% during the 2nd quarter. Teachers Advisors LLC now owns 7,540 shares of the company’s stock valued at $534,000 after purchasing an additional 381 shares during the last quarter. Spark Investment Management LLC increased its position in shares of NACCO Industries by 14.2% during the 2nd quarter. Spark Investment Management LLC now owns 18,500 shares of the company’s stock valued at $1,310,000 after purchasing an additional 2,300 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of NACCO Industries by 2.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 206,727 shares of the company’s stock valued at $14,647,000 after purchasing an additional 4,955 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new position in shares of NACCO Industries during the 2nd quarter valued at approximately $481,000. 49.33% of the stock is currently owned by institutional investors and hedge funds.

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NACCO Industries, Inc. (NYSE NC) opened at $43.45 on Tuesday. The firm has a market capitalization of $295.75, a P/E ratio of 7.21 and a beta of 0.34. The company has a current ratio of 3.80, a quick ratio of 3.09 and a debt-to-equity ratio of 0.28. NACCO Industries, Inc. has a 12-month low of $14.20 and a 12-month high of $44.29.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.66 annualized dividend and a dividend yield of 1.52%. This is an increase from NACCO Industries’s previous quarterly dividend of $0.06. NACCO Industries’s payout ratio is currently 32.10%.

Several equities analysts have recently weighed in on the company. BidaskClub raised NACCO Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. TheStreet downgraded NACCO Industries from a “b-” rating to a “c” rating in a research report on Monday, July 31st.

NACCO Industries Company Profile

NACCO Industries, Inc is a holding company. The Company’s principal business includes mining. The Company operates through the NACoal segment. The Company’s subsidiary includes The North American Coal Corporation (NACoal). The Company’s NACoal segment mines coal for use in power generation and provides mining services for other natural resources companies.

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Institutional Ownership by Quarter for NACCO Industries (NYSE:NC)

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