Elizabeth Loveman Sells 1,662 Shares of NACCO Industries (NYSE:NC) Stock

NACCO Industries, Inc. (NYSE:NC) SVP Elizabeth Loveman sold 1,662 shares of the company’s stock in a transaction dated 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 in the company, 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 at 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 Trading Down 2.5%

Shares of NC opened at $50.67 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.09 and a quick ratio of 2.17. NACCO Industries, Inc. has a 1-year low of $30.00 and a 1-year high of $59.42. The stock has a market cap of $381.51 million, a price-to-earnings ratio of 21.47 and a beta of 0.45. The firm has a 50 day simple moving average of $52.01 and a 200-day simple moving average of $47.42.

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

NACCO Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a $0.2525 dividend. This represents a $1.01 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, March 2nd. NACCO Industries’s dividend payout ratio is currently 42.80%.

NACCO Industries announced that its Board of Directors has initiated a stock buyback plan on Tuesday, November 18th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Weiss Ratings cut NACCO Industries from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Trading of NACCO Industries

Hedge funds have recently bought and sold shares of the company. Barclays PLC grew its stake in NACCO Industries by 10.6% in the 4th quarter. Barclays PLC now owns 6,406 shares of the company’s stock worth $314,000 after acquiring an additional 614 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of NACCO Industries by 12.3% during the third quarter. JPMorgan Chase & Co. now owns 6,563 shares of the company’s stock worth $277,000 after purchasing an additional 718 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of NACCO Industries by 1.6% during the third quarter. PNC Financial Services Group Inc. now owns 47,024 shares of the company’s stock worth $1,983,000 after purchasing an additional 759 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 valued at $880,000 after purchasing an additional 774 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of NACCO Industries in the second quarter valued at $41,000. Institutional investors and hedge funds 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.