NACCO Industries (NYSE:NC) SVP Sells $210,918.12 in Stock

NACCO Industries, Inc. (NYSE:NC) SVP Elizabeth Loveman sold 4,053 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $52.04, for a total value of $210,918.12. Following the transaction, the senior vice president directly owned 16,661 shares in the company, valued at approximately $867,038.44. This represents a 19.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NACCO Industries Trading Up 0.6%

Shares of NC stock traded up $0.32 on Monday, reaching $51.76. 1,055 shares of the company’s stock were exchanged, compared to its average volume of 11,956. NACCO Industries, Inc. has a 52 week low of $30.00 and a 52 week 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. The stock has a market capitalization of $389.72 million, a PE ratio of 21.93 and a beta of 0.44. The company’s fifty day simple moving average is $51.80 and its 200 day simple moving average is $47.25.

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

NACCO Industries Announces Dividend

The business also recently disclosed 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. This represents a $1.01 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. NACCO Industries’s payout ratio is 42.80%.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On NACCO Industries

Several large investors have recently modified their holdings of NC. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of NACCO Industries in the 2nd quarter worth approximately $41,000. Tower Research Capital LLC TRC increased its holdings in NACCO Industries by 362.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock valued at $70,000 after buying an additional 1,241 shares during the period. Russell Investments Group Ltd. raised its stake in NACCO Industries by 1,788.9% in the third quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock worth $86,000 after buying an additional 1,932 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in NACCO Industries in the fourth quarter worth approximately $122,000. Finally, Byrne Asset Management LLC lifted its holdings in NACCO Industries by 120.7% during the fourth quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock worth $157,000 after buying an additional 1,750 shares during the period. 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.