NACCO Industries (NYSE:NC) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

NACCO Industries, Inc. (NYSE:NC)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.68 and traded as low as $48.79. NACCO Industries shares last traded at $49.0450, with a volume of 10,472 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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

NACCO Industries Trading Up 1.0%

The business has a 50 day simple moving average of $50.04 and a 200-day simple moving average of $50.68. The stock has a market capitalization of $369.80 million, a price-to-earnings ratio of 17.09 and a beta of 0.44. 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 results 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 for the quarter.

NACCO Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from NACCO Industries’s previous quarterly dividend of $0.25. NACCO Industries’s dividend payout ratio (DPR) is currently 36.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NC. Byrne Asset Management LLC boosted its holdings in shares of NACCO Industries by 9.6% in the second quarter. Byrne Asset Management LLC now owns 4,567 shares of the company’s stock valued at $229,000 after buying an additional 400 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of NACCO Industries by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock worth $2,516,000 after acquiring an additional 604 shares during the period. Invesco Ltd. acquired a new stake in shares of NACCO Industries during the fourth quarter worth $236,000. Millennium Management LLC lifted its position in NACCO Industries by 85.3% in the 4th quarter. Millennium Management LLC now owns 11,851 shares of the company’s stock valued at $581,000 after acquiring an additional 5,457 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in NACCO Industries in the 4th quarter valued at $225,000. Institutional investors own 49.10% of the company’s stock.

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.