NACCO Industries (NYSE:NC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

NACCO Industries, Inc. (NYSE:NC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.74 and traded as high as $49.49. NACCO Industries shares last traded at $49.2890, with a volume of 6,666 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of NACCO Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, NACCO Industries currently has a consensus rating of “Buy”.

NACCO Industries Stock Performance

The firm has a market cap of $367.70 million, a price-to-earnings ratio of 12.64 and a beta of 0.50. 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’s 50 day moving average is $48.03 and its 200 day moving average is $43.74.

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

NACCO Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.2525 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, December 1st. NACCO Industries’s dividend payout ratio is currently 25.90%.

NACCO Industries declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 18th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NACCO Industries

In other news, SVP Elizabeth Loveman sold 1,897 shares of NACCO Industries stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $49.94, for a total transaction of $94,736.18. Following the completion of the sale, the senior vice president owned 18,172 shares of the company’s stock, valued at approximately $907,509.68. This trade represents a 9.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 43.03% of the company’s stock.

Institutional Investors Weigh In On NACCO Industries

Large investors have recently bought and sold shares of the company. Baird Financial Group Inc. bought a new position in NACCO Industries in the 1st quarter valued at about $219,000. Empowered Funds LLC boosted its position in shares of NACCO Industries by 6.9% during the 1st quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock worth $1,315,000 after acquiring an additional 2,528 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in NACCO Industries by 4.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,853 shares of the company’s stock valued at $880,000 after acquiring an additional 774 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in NACCO Industries during the second quarter valued at approximately $41,000. Finally, Rhumbline Advisers lifted its stake in NACCO Industries by 16.6% during the second quarter. Rhumbline Advisers now owns 7,455 shares of the company’s stock worth $330,000 after purchasing an additional 1,062 shares during the last quarter. 49.10% of the stock is currently owned by institutional investors and hedge funds.

About NACCO Industries

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.