NACCO Industries (NYSE:NC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

NACCO Industries, Inc. (NYSE:NC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.00 and traded as high as $46.81. NACCO Industries shares last traded at $46.7670, with a volume of 13,543 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NACCO Industries in a research report on Wednesday, October 8th. Wall Street Zen cut NACCO Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

NACCO Industries Stock Up 6.9%

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.06 and a quick ratio of 2.18. The company has a market capitalization of $348.88 million, a price-to-earnings ratio of 11.99 and a beta of 0.48. The firm has a 50-day moving average price of $44.70 and a two-hundred day moving average price of $41.00.

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

NACCO Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.2525 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, December 1st. NACCO Industries’s dividend payout ratio is currently 25.90%.

NACCO Industries declared that its Board of Directors has authorized a stock buyback plan on Tuesday, November 18th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the company to buy up to 5.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, SVP Elizabeth Loveman sold 1,897 shares of the company’s 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 owned 18,172 shares in the company, valued at approximately $907,509.68. This represents a 9.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 43.03% of the company’s stock.

Institutional Investors Weigh In On NACCO Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mudita Advisors LLP acquired a new stake in shares of NACCO Industries in the 1st quarter valued at approximately $2,910,000. Bridgeway Capital Management LLC lifted its stake in NACCO Industries by 2.3% in the third quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company’s stock valued at $3,245,000 after acquiring an additional 1,722 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in NACCO Industries by 343.5% in the first quarter. PNC Financial Services Group Inc. now owns 69,556 shares of the company’s stock valued at $2,346,000 after acquiring an additional 53,873 shares during the last quarter. Empowered Funds LLC grew its position in shares of NACCO Industries by 6.9% in the 1st quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock valued at $1,315,000 after acquiring an additional 2,528 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of NACCO Industries during the 2nd quarter worth about $1,318,000. Institutional investors own 49.10% of the company’s stock.

About NACCO Industries

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.