Elizabeth Loveman Sells 4,053 Shares of NACCO Industries (NYSE:NC) Stock

NACCO Industries, Inc. (NYSE:NC) SVP Elizabeth Loveman sold 4,053 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $52.04, for a total value of $210,918.12. Following the completion of the transaction, the senior vice president directly owned 16,661 shares of the company’s stock, valued at approximately $867,038.44. The trade was a 19.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

NACCO Industries Stock Up 0.6%

NC stock traded up $0.32 during trading on Monday, reaching $51.76. 1,055 shares of the company traded hands, compared to its average volume of 11,956. NACCO Industries, Inc. has a 12 month low of $30.00 and a 12 month high of $59.42. The business has a 50 day simple moving average of $51.80 and a 200 day simple moving average of $47.25. The company has a market capitalization of $389.72 million, a price-to-earnings ratio of 21.93 and a beta of 0.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.17 and a current ratio of 3.09.

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 declared that its board has approved a stock repurchase program on Tuesday, November 18th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

NACCO Industries Dividend Announcement

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

Hedge Funds Weigh In On NACCO Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in NACCO Industries during the 2nd quarter worth about $41,000. Tower Research Capital LLC TRC grew 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 valued at $70,000 after purchasing an additional 1,241 shares during the last quarter. Russell Investments Group Ltd. increased its holdings 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 valued at $86,000 after purchasing an additional 1,932 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of NACCO Industries in the fourth quarter worth about $122,000. Finally, Byrne Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 1,750 shares during the period. Hedge funds and other institutional investors own 49.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.