NACCO Industries (NYSE:NC) Shares Cross Above 50-Day Moving Average – What’s Next?

NACCO Industries, Inc. (NYSE:NC)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $50.20 and traded as high as $50.52. NACCO Industries shares last traded at $50.5780, with a volume of 15,022 shares traded.

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 report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NACCO Industries currently has an average rating of “Hold”.

NACCO Industries Stock Up 1.4%

The company has a market capitalization of $381.36 million, a PE ratio of 17.62 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.30 and a quick ratio of 2.35. The company has a 50-day moving average of $50.20 and a two-hundred day moving average of $50.65.

NACCO Industries (NYSE:NC) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.17 earnings per share (EPS) for the quarter. The business had revenue of $62.77 million during the quarter. NACCO Industries had a return on equity of 5.04% and a net margin of 7.84%.

NACCO Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from NACCO Industries’s previous quarterly dividend of $0.25. NACCO Industries’s payout ratio is presently 36.59%.

Institutional Investors Weigh In On NACCO Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in NACCO Industries by 362.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock worth $70,000 after acquiring an additional 1,241 shares during the period. Russell Investments Group Ltd. boosted its position in shares of 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 purchasing an additional 1,932 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of NACCO Industries in the fourth quarter worth approximately $122,000. Byrne Asset Management LLC increased its stake in shares of NACCO Industries by 120.7% in the fourth quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock worth $157,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Kovack Advisors Inc. purchased a new stake in shares of NACCO Industries in the fourth quarter worth $204,000. 49.10% of the stock is owned by hedge funds and other institutional investors.

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.