NACCO Industries (NYSE:NC) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of NACCO Industries, Inc. (NYSE:NC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $50.30 and traded as low as $50.01. NACCO Industries shares last traded at $50.5070, with a volume of 14,302 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NACCO Industries presently has an average rating of “Hold”.

NACCO Industries Stock Performance

The company has a market capitalization of $380.87 million, a price-to-earnings ratio of 17.60 and a beta of 0.43. The stock has a 50-day moving average price of $50.07 and a 200-day moving average price of $50.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.30 and a quick ratio of 2.35.

NACCO Industries (NYSE:NC) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.17 earnings per share (EPS) for the quarter. NACCO Industries had a return on equity of 5.04% and a net margin of 7.84%.The company had revenue of $62.78 million during the quarter.

NACCO Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from NACCO Industries’s previous quarterly dividend of $0.25. NACCO Industries’s payout ratio is 36.59%.

Insider Activity at NACCO Industries

In related news, SVP Elizabeth Loveman sold 1,662 shares of NACCO Industries stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $51.44, for a total transaction of $85,493.28. Following the completion of the sale, the senior vice president directly owned 14,999 shares of the company’s stock, valued at approximately $771,548.56. This trade represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Thomas A. Maxwell sold 1,785 shares of NACCO Industries stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $48.55, for a total value of $86,661.75. Following the sale, the senior vice president directly owned 5,944 shares of the company’s stock, valued at approximately $288,581.20. The trade was a 23.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 7,500 shares of company stock valued at $383,073. 44.76% of the stock is currently owned by insiders.

Institutional Trading of NACCO Industries

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in NACCO Industries by 362.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock worth $70,000 after purchasing an additional 1,241 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in NACCO Industries by 1,788.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock worth $86,000 after purchasing an additional 1,932 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in NACCO Industries during the 4th quarter worth approximately $122,000. Byrne Asset Management LLC lifted its holdings in NACCO Industries by 120.7% during the 4th quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock worth $157,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Apeiron RIA LLC acquired a new stake in NACCO Industries during the 4th quarter worth approximately $223,000. 49.10% of the stock is owned by institutional investors and hedge funds.

NACCO Industries Company Profile

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.