NACCO Industries (NYSE:NC) SVP Thomas Maxwell Sells 1,785 Shares of Stock

NACCO Industries, Inc. (NYSE:NC) SVP Thomas Maxwell sold 1,785 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $48.55, for a total value of $86,661.75. Following the completion of the transaction, the senior vice president directly owned 5,944 shares in the company, valued at $288,581.20. This trade represents a 23.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NACCO Industries Stock Performance

Shares of NC opened at $51.31 on Tuesday. The company has a market cap of $382.77 million, a price-to-earnings ratio of 21.74 and a beta of 0.44. The business’s fifty day simple moving average is $51.55 and its two-hundred day simple moving average is $46.88. NACCO Industries, Inc. has a 12 month low of $30.00 and a 12 month high of $59.42. The company has a current ratio of 3.09, a quick ratio of 2.17 and a debt-to-equity ratio of 0.21.

NACCO Industries (NYSE:NC) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.52) earnings per share for the quarter. The business had revenue of $66.78 million during the quarter. NACCO Industries had a return on equity of 4.19% and a net margin of 6.34%.

NACCO Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.2525 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.01 dividend on an annualized basis and a yield of 2.0%. NACCO Industries’s payout ratio is 42.80%.

NACCO Industries declared that its Board of Directors has authorized a share buyback program on Tuesday, November 18th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On NACCO Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. purchased a new stake in NACCO Industries during the first quarter valued at $219,000. Empowered Funds LLC boosted its position in NACCO Industries by 6.9% in the first quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock worth $1,315,000 after purchasing an additional 2,528 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in NACCO Industries by 4.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,853 shares of the company’s stock worth $880,000 after purchasing an additional 774 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of NACCO Industries during the 2nd quarter valued at about $41,000. Finally, Rhumbline Advisers increased its position in shares of NACCO Industries by 16.6% during the 2nd quarter. Rhumbline Advisers now owns 7,455 shares of the company’s stock valued at $330,000 after purchasing an additional 1,062 shares during the last quarter. 49.10% of the stock is currently owned by hedge funds and other institutional investors.

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 research note on Thursday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

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.