NACCO Industries (NYSE:NC) Share Price Passes Below Two Hundred Day Moving Average of $33.39

NACCO Industries, Inc. (NYSE:NC)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.39 and traded as low as $31.87. NACCO Industries shares last traded at $32.40, with a volume of 17,916 shares traded.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of NACCO Industries from a “b-” rating to a “c+” rating in a report on Thursday, March 7th.

NACCO Industries Stock Performance

The firm has a market cap of $242.87 million, a P/E ratio of -5.96 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.33. The business’s 50-day simple moving average is $29.61 and its 200 day simple moving average is $33.39.

NACCO Industries (NYSE:NC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter. The firm had revenue of $53.29 million for the quarter. NACCO Industries had a positive return on equity of 2.79% and a negative net margin of 18.68%.

NACCO Industries Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.2175 per share. The ex-dividend date was Friday, March 1st. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.69%. NACCO Industries’s dividend payout ratio is currently -15.99%.

Insider Transactions at NACCO Industries

In other news, SVP Thomas A. Maxwell sold 866 shares of NACCO Industries stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $29.64, for a total transaction of $25,668.24. Following the transaction, the senior vice president now owns 8,834 shares in the company, valued at approximately $261,839.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 41.26% of the company’s stock.

Institutional Trading of NACCO Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in shares of NACCO Industries by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 54,699 shares of the company’s stock valued at $1,918,000 after buying an additional 361 shares in the last quarter. New York State Common Retirement Fund raised its holdings in NACCO Industries by 12.9% during the third quarter. New York State Common Retirement Fund now owns 13,100 shares of the company’s stock valued at $459,000 after acquiring an additional 1,500 shares during the period. BNP Paribas Financial Markets lifted its position in shares of NACCO Industries by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after acquiring an additional 881 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of NACCO Industries by 8.0% in the first quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock worth $926,000 after acquiring an additional 2,275 shares during the period. Hedge funds and other institutional investors own 49.10% of the company’s stock.

NACCO Industries Company Profile

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.