The stock of NACCO Industries, Inc. (NYSE:NC) hit a new 52-week high and has $139.28 target or 53.00% above today’s $91.03 share price. The 5 months bullish chart indicates low risk for the $635.27M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $139.28 price target is reached, the company will be worth $336.69 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 12,572 shares traded hands. NACCO Industries, Inc. (NYSE:NC) has risen 52.25% since April 19, 2016 and is uptrending. It has outperformed by 48.39% 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 1.33 in 2016 Q2. Its down 0.09, from 1.42 in 2016Q1. The ratio is negative, 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.
Acadian Asset Management Lc last reported 82,203 shares in the company. Whittier Tru Communication owns 75 shares or 0% of their US portfolio. Gsa Ptnrs Llp holds 0.03% of its portfolio in NACCO Industries, Inc. (NYSE:NC) for 9,181 shares. Blackrock Advsr Ltd Liability Co, a Delaware-based fund reported 2,142 shares. Secor Capital Advisors L P accumulated 0.04% or 5,800 shares. Invesco Limited accumulated 0% or 15,458 shares. Whittier Of Nevada has 0% invested in the company for 100 shares. Lsv Asset Mgmt last reported 0% of its portfolio in the stock. Millennium Ltd Liability Corp has invested 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC). Moreover, Bnp Paribas Arbitrage has 0% invested in NACCO Industries, Inc. (NYSE:NC) for 159 shares. Keeley Asset Corp holds 0.07% or 30,536 shares in its portfolio. Fuller & Thaler Asset Mgmt holds 0.03% or 28,996 shares in its portfolio. Citigroup holds 1,593 shares or 0% of its portfolio. Brandywine Global Investment Mngmt Ltd Liability last reported 4,000 shares in the company. Legal & General Gp Pcl owns 825 shares or 0% of their US portfolio.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 2 insider sales for $327,565 net activity. 1,022 NACCO Industries, Inc. (NYSE:NC) shares with value of $77,858 were sold by Maloney Mary D. The insider TAPLIN THEODORE D sold $249,707.
More notable recent NACCO Industries, Inc. (NYSE:NC) news were published by: Prnewswire.com which released: “NACCO Industries, Inc. Announces Third Quarter 2016 Results” on November 01, 2016, also Crainscleveland.com with their article: “Scott S. Cowen plans to resign from board of NACCO Industries Inc.” published on May 18, 2016, Prnewswire.com published: “NACCO Industries, Inc. Announces New Contract Mining Agreement” on December 09, 2015. More interesting news about NACCO Industries, Inc. (NYSE:NC) were released by: Prnewswire.com and their article: “NACCO Industries, Inc. Announces Second Quarter 2015 Results” published on August 05, 2015 as well as Seekingalpha.com‘s news article titled: “Why Nacco Industries Remains A Beastly Good Value” with publication date: November 04, 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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