The stock of NACCO Industries, Inc. (NYSE:NC) hit a new 52-week high and has $104.16 target or 47.00% above today’s $70.86 share price. The 7 months bullish chart indicates low risk for the $487.24M company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $104.16 price target is reached, the company will be worth $229.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 32,860 shares traded hands or 79.25% up from the average. NACCO Industries, Inc. (NYSE:NC) has risen 38.42% since March 10, 2016 and is uptrending. It has outperformed by 30.91% the S&P500.
Analysts await NACCO Industries, Inc. (NYSE:NC) to report earnings on November, 1.
According to Zacks Investment Research, “NACCO Industries, Inc. is a holding company which owns four principal operating subsidiaries: NACCO Materials Handling Group is a leading designer, manufacturer and marketer of forklift trucks; Hamilton Beach*Proctor-Silex is one of the largest full-line manufacturer and marketer of small electric kitchen appliances; North American Coal is engaged in the mining and marketing of lignite for use primarily as fuel for power generation; and Kitchen Collection is a specialty retailer of kitchenware, small electric appliances and related accessories.”
Insitutional Activity: The institutional sentiment decreased to 1.42 in 2016 Q2. Its down 0.24, from 1.66 in 2016Q1. The ratio dropped, as 6 funds sold all NACCO Industries, Inc. shares owned while 25 reduced positions. 16 funds bought stakes while 28 increased positions. They now own 3.53 million shares or 1.54% more from 3.48 million shares in 2016Q1.
Royal National Bank & Trust Of Canada, a Ontario – Canada-based fund reported 4,700 shares. Cornerstone Ltd Liability Co last reported 0.01% of its portfolio in the stock. Financial Bank Of New York Mellon accumulated 0% or 32,063 shares. Federated Pa accumulated 317 shares or 0% of the stock. The California-based California State Teachers Retirement Sys has invested 0% in NACCO Industries, Inc. (NYSE:NC). Fifth Third Financial Bank has 900 shares for 0% of their US portfolio. Panagora Asset Management holds 0.01% or 25,023 shares in its portfolio. First Quadrant Lp Ca holds 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC) for 2,162 shares. Blackrock Invest Mngmt has 0% invested in the company for 16,497 shares. Geode Cap Mgmt Lc last reported 0% of its portfolio in the stock. Renaissance Technologies Ltd Co owns 51,400 shares or 0.01% of their US portfolio. Great West Life Assurance Com Can reported 282 shares or 0% of all its holdings. California Pub Employees Retirement Sys has invested 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC). Spark Invest Ltd Limited Liability Company reported 14,800 shares or 0.08% of all its holdings. Deutsche Financial Bank Ag owns 4,131 shares or 0% of their US portfolio.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 1 sale for $249,707 net activity. Another trade for 4,500 shares valued at $249,707 was sold by TAPLIN THEODORE D.
More notable recent NACCO Industries, Inc. (NYSE:NC) news were published by: Crainscleveland.com which released: “Scott S. Cowen plans to resign from board of NACCO Industries Inc.” on May 18, 2016, also Prnewswire.com with their article: “NACCO Industries, Inc. Announces New Contract Mining Agreement” published on December 09, 2015, Prnewswire.com published: “NACCO Industries, Inc. Announces Second Quarter 2015 Results” on August 05, 2015. More interesting news about NACCO Industries, Inc. (NYSE:NC) were released by: Prnewswire.com and their article: “NACCO Industries, Inc. Announces Fourth Quarter And Full Year 2014 Results” published on March 09, 2015 as well as Crainscleveland.com‘s news article titled: “Nacco Industries Inc. announces president and CEO of its Texas-based …” with publication date: May 18, 2015.
NC Company Profile
NACCO Industries, Inc., incorporated on February 18, 1986, is a holding company. The Company’s principal businesses include mining, small appliances and specialty retail. The Firm operates through three divisions: NACoal, HBB and KC. The Company’s subsidiaries include The North American Coal Corporation (NACoal), Hamilton Beach Brands, Inc. (HBB) and Kitchen Collection (KC).
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