The stock of NACCO Industries, Inc. (NYSE:NC) hit a new 52-week high and has $109.81 target or 39.00% above today’s $79.00 share price. The 7 months bullish chart indicates low risk for the $555.33M company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $109.81 price target is reached, the company will be worth $216.58M 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. The stock increased 2.20% or $1.7 on November 7, hitting $79. About 13,116 shares traded hands. NACCO Industries, Inc. (NYSE:NC) has risen 33.53% since April 5, 2016 and is uptrending. It has outperformed by 31.57% the S&P500.
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 dived, 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.
Metropolitan Life Insurance Ny accumulated 0% or 3,217 shares. Sei Invs Communications, a Pennsylvania-based fund reported 117 shares. Johnson Investment Counsel accumulated 10,684 shares or 0.02% of the stock. Fmr Ltd Co holds 0% or 330,694 shares in its portfolio. Gsa Limited Liability Partnership accumulated 9,181 shares or 0.03% of the stock. Blackrock Institutional Com Na last reported 0% of its portfolio in the stock. Bank Of New York Mellon Corporation holds 32,063 shares or 0% of its portfolio. New York State Common Retirement Fund, a New York-based fund reported 4,900 shares. New York State Teachers Retirement System holds 400 shares or 0% of its portfolio. Moreover, Geode Cap Management Lc has 0% invested in NACCO Industries, Inc. (NYSE:NC) for 32,715 shares. California State Teachers Retirement holds 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC) for 8,134 shares. Great West Life Assurance Communication Can last reported 282 shares in the company. Blackrock has 1,004 shares for 0% of their US portfolio. Bank & Trust Of Montreal Can holds 635 shares or 0% of its portfolio. The New York-based Boothbay Fund Mngmt Lc has invested 0.17% in NACCO Industries, Inc. (NYSE:NC).
Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 2 sales for $327,565 net activity. The insider TAPLIN THEODORE D sold $249,707. On Wednesday, November 2 Maloney Mary D sold $77,858 worth of the stock or 1,022 shares.
More notable recent NACCO Industries, Inc. (NYSE:NC) news were published by: Seekingalpha.com which released: “Why Nacco Industries Remains A Beastly Good Value” on November 04, 2016, also Prnewswire.com with their article: “NACCO Industries, Inc. Announces Third Quarter 2016 Results” published on November 01, 2016, Prnewswire.com published: “NACCO Industries, Inc. Announces Second Quarter 2016 Results” on August 02, 2016. More interesting news about NACCO Industries, Inc. (NYSE:NC) were released by: Prnewswire.com and their article: “NACCO Industries, Inc. Announces New Contract Mining Agreement” published on December 09, 2015 as well as Crainscleveland.com‘s news article titled: “Scott S. Cowen plans to resign from board of NACCO Industries Inc.” with publication date: May 18, 2016.
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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