NACCO Industries (NYSE:NC) SVP Sells $85,493.28 in Stock

NACCO Industries, Inc. (NYSE:NC) SVP Elizabeth Loveman sold 1,662 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were 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 $771,548.56. This trade represents a 9.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Elizabeth Loveman also recently made the following trade(s):

• On Thursday, March 12th, Elizabeth Loveman sold 4,053 shares of NACCO Industries stock. The shares were sold at an average price of $52.04, for a total transaction of $210,918.12.

NACCO Industries Stock Down 0.5%

Shares of NYSE NC traded down $0.23 during trading on Monday, reaching $51.21. 4,665 shares of the stock were exchanged, compared to its average volume of 12,017. The company has a market capitalization of $385.58 million, a price-to-earnings ratio of 21.70 and a beta of 0.44. The business’s 50-day moving average price is $51.80 and its 200 day moving average price is $47.25. The company has a quick ratio of 2.17, a current ratio of 3.09 and a debt-to-equity ratio of 0.21. NACCO Industries, Inc. has a twelve month low of $30.00 and a twelve month high of $59.42.

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

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

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.2525 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.01 annualized dividend and a dividend yield of 2.0%. NACCO Industries’s dividend payout ratio (DPR) is currently 42.80%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded NACCO Industries from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Trading of NACCO Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in NC. Segall Bryant & Hamill LLC acquired a new stake in NACCO Industries in the second quarter valued at $1,318,000. Saber Capital Managment LLC acquired a new position in NACCO Industries during the 4th quarter worth $1,121,000. M&T Bank Corp acquired a new position in NACCO Industries during the 2nd quarter worth $953,000. Russell Investments Group Ltd. increased its position in shares of NACCO Industries by 943.2% in the 4th quarter. Russell Investments Group Ltd. now owns 21,281 shares of the company’s stock worth $1,044,000 after purchasing an additional 19,241 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of NACCO Industries in the 3rd quarter valued at about $609,000. 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.