22,851 Shares in NACCO Industries, Inc. $NC Acquired by Saber Capital Managment LLC

Saber Capital Managment LLC bought a new position in shares of NACCO Industries, Inc. (NYSE:NC) in the 4th quarter, HoldingsChannel.com reports. The firm bought 22,851 shares of the company’s stock, valued at approximately $1,121,000. NACCO Industries accounts for about 0.9% of Saber Capital Managment LLC’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in NACCO Industries by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 95,345 shares of the company’s stock valued at $4,677,000 after buying an additional 2,507 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in NACCO Industries by 2.3% in the third quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company’s stock valued at $3,245,000 after buying an additional 1,722 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in NACCO Industries by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 47,809 shares of the company’s stock valued at $2,345,000 after buying an additional 785 shares during the last quarter. Empowered Funds LLC lifted its stake in NACCO Industries by 6.9% in the first quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock valued at $1,315,000 after buying an additional 2,528 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new stake in NACCO Industries in the third quarter valued at approximately $609,000. Hedge funds and other institutional investors own 49.10% of the company’s stock.

NACCO Industries Price Performance

Shares of NYSE NC opened at $53.27 on Monday. The company has a current ratio of 3.30, a quick ratio of 2.35 and a debt-to-equity ratio of 0.27. NACCO Industries, Inc. has a twelve month low of $35.43 and a twelve month high of $59.42. The stock has a 50 day moving average of $50.30 and a two-hundred day moving average of $50.50. The stock has a market cap of $401.66 million, a P/E ratio of 18.56 and a beta of 0.44.

NACCO Industries (NYSE:NC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.17 earnings per share for the quarter. NACCO Industries had a return on equity of 5.04% and a net margin of 7.84%.The company had revenue of $62.78 million during the quarter.

NACCO Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 2.0%. This is a boost from NACCO Industries’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, June 1st. NACCO Industries’s dividend payout ratio (DPR) is currently 36.59%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average 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.