Elizabeth Loveman Sells 4,053 Shares of NACCO Industries (NYSE:NC) Stock

NACCO Industries, Inc. (NYSE:NC) SVP Elizabeth Loveman sold 4,053 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $52.04, for a total value of $210,918.12. Following the completion of the sale, the senior vice president owned 16,661 shares in the company, valued at $867,038.44. This represents a 19.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Elizabeth Loveman also recently made the following trade(s):

• On Friday, March 13th, Elizabeth Loveman sold 1,662 shares of NACCO Industries stock. The shares were sold at an average price of $51.44, for a total transaction of $85,493.28.

NACCO Industries Price Performance

Shares of NYSE:NC opened at $50.67 on Wednesday. The firm has a market capitalization of $381.51 million, a PE ratio of 21.47 and a beta of 0.45. The company has a quick ratio of 2.17, a current ratio of 3.09 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $52.01 and a two-hundred day moving average price of $47.42. NACCO Industries, Inc. has a twelve month low of $30.00 and a twelve month high of $59.42.

NACCO Industries (NYSE:NC) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.52) earnings per share (EPS) for the quarter. The business had revenue of $66.78 million during the quarter. NACCO Industries had a net margin of 6.34% and a return on equity of 4.19%.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.2525 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.01 dividend on an annualized basis and a yield of 2.0%. NACCO Industries’s payout ratio is presently 42.80%.

NACCO Industries announced that its board has initiated a stock repurchase program on Tuesday, November 18th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Separately, Weiss Ratings cut NACCO Industries from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On NACCO Industries

Several hedge funds and other institutional investors have recently modified their holdings of NC. Segall Bryant & Hamill LLC bought a new position in NACCO Industries in the 2nd quarter valued at $1,318,000. Saber Capital Managment LLC bought a new position in shares of NACCO Industries in the fourth quarter worth $1,121,000. M&T Bank Corp bought a new position in shares of NACCO Industries in the second quarter worth $953,000. Russell Investments Group Ltd. raised its position in shares of NACCO Industries by 943.2% in the fourth quarter. Russell Investments Group Ltd. now owns 21,281 shares of the company’s stock worth $1,044,000 after buying an additional 19,241 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in NACCO Industries during the third quarter valued at $609,000. 49.10% of the stock is currently owned by institutional investors.

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.