NACCO Industries (NYSE:NC) Share Price Passes Above 50-Day Moving Average – What’s Next?

NACCO Industries, Inc. (NYSE:NC)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $47.60 and traded as high as $48.34. NACCO Industries shares last traded at $46.2430, with a volume of 17,382 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of NACCO Industries in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, NACCO Industries currently has an average rating of “Buy”.

NACCO Industries Trading Down 3.4%

The company has a current ratio of 3.06, a quick ratio of 2.18 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $47.60 and a 200 day simple moving average of $42.97. The company has a market cap of $344.97 million, a price-to-earnings ratio of 11.86 and a beta of 0.50.

NACCO Industries (NYSE:NC) last released its earnings results on Wednesday, November 5th. The company reported $1.78 EPS for the quarter. NACCO Industries had a return on equity of 7.01% and a net margin of 10.32%.The firm had revenue of $76.61 million during the quarter.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.2525 per share. This represents a $1.01 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, December 1st. NACCO Industries’s dividend payout ratio (DPR) is 25.90%.

NACCO Industries declared that its Board of Directors has initiated a stock buyback program on Tuesday, November 18th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other NACCO Industries news, SVP Elizabeth Loveman sold 1,897 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $49.94, for a total transaction of $94,736.18. Following the sale, the senior vice president directly owned 18,172 shares of the company’s stock, valued at approximately $907,509.68. This trade represents a 9.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 43.03% of the company’s stock.

Institutional Trading of NACCO Industries

Hedge funds have recently modified their holdings of the stock. M&T Bank Corp acquired a new stake in shares of NACCO Industries during the 2nd quarter worth approximately $953,000. Mudita Advisors LLP purchased a new stake in NACCO Industries during the first quarter worth $2,910,000. Segall Bryant & Hamill LLC acquired a new stake in NACCO Industries during the second quarter valued at $1,318,000. MetLife Investment Management LLC acquired a new stake in NACCO Industries during the first quarter valued at $83,000. Finally, Citadel Advisors LLC raised its position in shares of NACCO Industries by 88.4% in the third quarter. Citadel Advisors LLC now owns 13,174 shares of the company’s stock worth $555,000 after acquiring an additional 6,182 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 is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.