Elizabeth Loveman Sells 1,897 Shares of NACCO Industries (NYSE:NC) Stock

NACCO Industries, Inc. (NYSE:NC) SVP Elizabeth Loveman sold 1,897 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $49.94, for a total transaction of $94,736.18. Following the completion of the transaction, the senior vice president owned 18,172 shares of the company’s stock, valued at $907,509.68. This represents a 9.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, November 10th, Elizabeth Loveman sold 2,997 shares of NACCO Industries stock. The stock was sold at an average price of $45.22, for a total transaction of $135,524.34.
• On Thursday, September 4th, Elizabeth Loveman sold 3,208 shares of NACCO Industries stock. The shares were sold at an average price of $39.18, for a total value of $125,689.44.

NACCO Industries Trading Up 2.3%

Shares of NC opened at $51.61 on Friday. The firm’s fifty day moving average is $42.90 and its two-hundred day moving average is $39.74. The stock has a market cap of $384.59 million, a PE ratio of 12.11 and a beta of 0.74. The company has a quick ratio of 2.90, a current ratio of 3.91 and a debt-to-equity ratio of 0.22. NACCO Industries, Inc. has a 52-week low of $27.47 and a 52-week high of $52.41.

NACCO Industries (NYSE:NC) last announced its earnings results on Wednesday, November 5th. The company reported $1.78 earnings per share for the quarter. NACCO Industries had a net margin of 11.79% and a return on equity of 7.72%. The company had revenue of $76.61 million during the quarter.

NACCO Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $0.2525 dividend. This represents a $1.01 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, September 2nd. NACCO Industries’s payout ratio is 25.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NACCO Industries in a research note on Wednesday, October 8th. Wall Street Zen lowered NACCO Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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 the stock. Nuveen LLC acquired a new stake in NACCO Industries in the 1st quarter valued at about $445,000. Mudita Advisors LLP purchased a new stake in NACCO Industries in the 1st quarter worth approximately $2,910,000. PNC Financial Services Group Inc. raised its stake in shares of NACCO Industries by 343.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 69,556 shares of the company’s stock worth $2,346,000 after purchasing an additional 53,873 shares in the last quarter. Penn Mutual Asset Management lifted its stake in NACCO Industries by 17.9% in the first quarter. Penn Mutual Asset Management now owns 15,960 shares of the company’s stock valued at $538,000 after acquiring an additional 2,425 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new stake in NACCO Industries in the first quarter worth $83,000. 49.10% of the stock is currently owned by institutional investors.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.