NACCO Industries (NYSE:NC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

NACCO Industries, Inc. (NYSE:NC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of NACCO Industries in a research report on Monday, December 29th. One investment 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 Up 1.8%

The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $48.03 and a 200 day simple moving average of $43.74. The stock has a market cap of $367.70 million, a price-to-earnings ratio of 12.64 and a beta of 0.50.

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

NACCO Industries Dividend Announcement

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

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

Insider Activity at NACCO Industries

In other news, SVP Elizabeth Loveman sold 2,997 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $45.22, for a total transaction of $135,524.34. Following the completion of the transaction, the senior vice president owned 20,069 shares in the company, valued at approximately $907,520.18. This represents a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 43.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NACCO Industries

Several hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC increased its holdings in shares of NACCO Industries by 2.3% in the third quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company’s stock worth $3,245,000 after purchasing an additional 1,722 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of NACCO Industries by 1.6% in the third quarter. PNC Financial Services Group Inc. now owns 47,024 shares of the company’s stock worth $1,983,000 after purchasing an additional 759 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of NACCO Industries by 6.9% during the first 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 in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of NACCO Industries during the 2nd quarter valued at about $1,318,000. Finally, M&T Bank Corp purchased a new position in shares of NACCO Industries in the 2nd quarter valued at approximately $953,000. 49.10% of the stock is currently owned by hedge funds and other 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.