NACCO Industries (NYSE:NC) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

NACCO Industries, Inc. (NYSE:NC)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $50.20 and traded as high as $50.52. NACCO Industries shares last traded at $50.5780, with a volume of 15,022 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, NACCO Industries currently has a consensus rating of “Hold”.

NACCO Industries Stock Performance

The company has a quick ratio of 2.35, a current ratio of 3.30 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $381.36 million, a P/E ratio of 17.62 and a beta of 0.44. The business has a fifty day moving average price of $50.20 and a 200-day moving average price of $50.65.

NACCO Industries (NYSE:NC) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.17 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 $62.77 million during the quarter.

NACCO Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.2625 dividend. This is a boost from NACCO Industries’s previous quarterly dividend of $0.25. This represents a $1.05 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, June 1st. NACCO Industries’s dividend payout ratio (DPR) is presently 36.59%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NC. Geode Capital Management LLC boosted its holdings in NACCO Industries by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 95,345 shares of the company’s stock worth $4,677,000 after purchasing an additional 2,507 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in NACCO Industries by 2.3% during the 3rd quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company’s stock valued at $3,245,000 after buying an additional 1,722 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of NACCO Industries by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock valued at $2,516,000 after buying an additional 604 shares during the period. Empowered Funds LLC lifted its holdings in shares of NACCO Industries by 6.9% during the 1st quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock valued at $1,315,000 after buying an additional 2,528 shares during the period. Finally, Saber Capital Managment LLC purchased a new position in shares of NACCO Industries in the 4th quarter worth $1,121,000. Institutional investors own 49.10% of the company’s stock.

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.