NACCO Industries, Inc. (NC) Holdings Reduced by Prudential Financial Inc.
Prudential Financial Inc. lowered its holdings in NACCO Industries, Inc. (NYSE:NC) by 15.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,844 shares of the company’s stock after selling 2,590 shares during the quarter. Prudential Financial Inc. owned 0.20% of NACCO Industries worth $1,188,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in NC. FMR LLC lifted its holdings in NACCO Industries by 30.1% in the second quarter. FMR LLC now owns 289,830 shares of the company’s stock valued at $20,534,000 after acquiring an additional 67,030 shares during the period. Zuckerman Investment Group LLC lifted its holdings in NACCO Industries by 6.1% in the second quarter. Zuckerman Investment Group LLC now owns 371,017 shares of the company’s stock valued at $26,287,000 after acquiring an additional 21,306 shares during the period. Curbstone Financial Management Corp raised its stake in shares of NACCO Industries by 103.3% during the 3rd quarter. Curbstone Financial Management Corp now owns 37,074 shares of the company’s stock worth $3,181,000 after buying an additional 18,840 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of NACCO Industries by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 213,267 shares of the company’s stock worth $15,109,000 after buying an additional 8,681 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in shares of NACCO Industries during the 2nd quarter worth $481,000. 48.59% of the stock is owned by institutional investors.
NACCO Industries, Inc. (NYSE:NC) traded down $0.60 during trading hours on Friday, hitting $40.35. The stock had a trading volume of 42,800 shares, compared to its average volume of 75,580. The firm has a market cap of $280.34, a P/E ratio of 6.84 and a beta of 0.37. The company has a quick ratio of 3.09, a current ratio of 3.80 and a debt-to-equity ratio of 0.28. NACCO Industries, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $48.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from NACCO Industries’s previous quarterly dividend of $0.06. NACCO Industries’s payout ratio is 30.56%.
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About NACCO Industries
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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