NACCO Industries (NYSE:NC) Stock Passes Below 200 Day Moving Average of $33.39

NACCO Industries, Inc. (NYSE:NC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

NACCO Industries Price Performance

The company has a quick ratio of 2.14, a current ratio of 3.33 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $242.87 million, a price-to-earnings ratio of -5.96 and a beta of 0.82. 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 posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter. NACCO Industries had a negative net margin of 18.68% and a positive return on equity of 2.79%. The business had revenue of $53.29 million for the quarter.

NACCO Industries Cuts Dividend

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

Insider Activity at NACCO Industries

In related news, SVP Thomas A. Maxwell sold 866 shares of NACCO Industries stock in a transaction that occurred 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 sale, the senior vice president now directly owns 8,834 shares of the company’s stock, valued at approximately $261,839.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 41.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NACCO Industries

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