California State Teachers Retirement System trimmed its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,234 shares of the company’s stock after selling 600 shares during the quarter. California State Teachers Retirement System owned about 0.11% of NACCO Industries worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in shares of NACCO Industries by 2.1% in the second quarter. Wells Fargo & Company MN now owns 3,304 shares of the company’s stock valued at $234,000 after acquiring an additional 67 shares during the period. Teachers Advisors LLC boosted its position in shares of NACCO Industries by 5.3% in the second quarter. Teachers Advisors LLC now owns 7,540 shares of the company’s stock valued at $534,000 after acquiring an additional 381 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of NACCO Industries by 15.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,560 shares of the company’s stock valued at $252,000 after acquiring an additional 467 shares during the period. Nationwide Fund Advisors boosted its position in shares of NACCO Industries by 10.9% in the second quarter. Nationwide Fund Advisors now owns 7,119 shares of the company’s stock valued at $504,000 after acquiring an additional 700 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of NACCO Industries by 8.9% in the second quarter. TIAA CREF Investment Management LLC now owns 11,201 shares of the company’s stock valued at $794,000 after acquiring an additional 916 shares during the period. 48.59% of the stock is owned by hedge funds and other institutional investors.

Shares of NACCO Industries, Inc. (NYSE NC) traded down $0.80 during trading on Thursday, hitting $40.95. 39,400 shares of the stock were exchanged, compared to its average volume of 75,720. The company has a market capitalization of $285.82, a PE ratio of 6.97 and a beta of 0.37. NACCO Industries, Inc. has a 52 week low of $14.20 and a 52 week high of $48.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.09 and a current ratio of 3.80.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from NACCO Industries’s previous quarterly dividend of $0.06. NACCO Industries’s payout ratio is presently 30.56%.

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NACCO Industries Company Profile

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.

Institutional Ownership by Quarter for NACCO Industries (NYSE:NC)

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