NACCO Industries (NYSE:NC) Releases Earnings Results

NACCO Industries (NYSE:NC) posted its earnings results on Tuesday. The company reported $1.17 EPS for the quarter, Zacks reports. NACCO Industries had a return on equity of 4.19% and a net margin of 6.34%.The firm had revenue of $62.78 million for the quarter.

NACCO Industries Stock Up 3.9%

NYSE:NC traded up $1.93 during midday trading on Wednesday, hitting $51.04. 14,871 shares of the company were exchanged, compared to its average volume of 11,353. NACCO Industries has a fifty-two week low of $32.80 and a fifty-two week high of $59.42. The company has a market capitalization of $384.36 million, a PE ratio of 21.58 and a beta of 0.43. 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 company has a fifty day simple moving average of $51.45 and a 200 day simple moving average of $49.52.

NACCO Industries Dividend Announcement

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

Insider Buying and Selling at NACCO Industries

In other news, SVP Elizabeth Loveman sold 4,053 shares of the business’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas A. Maxwell sold 1,785 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $48.55, for a total value of $86,661.75. Following the completion of the sale, the senior vice president directly owned 5,944 shares of the company’s stock, valued at approximately $288,581.20. This trade represents a 23.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,500 shares of company stock valued at $383,073 in the last 90 days. 44.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NACCO Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NC. Russell Investments Group Ltd. grew its position in shares of NACCO Industries by 943.2% during the fourth quarter. Russell Investments Group Ltd. now owns 21,281 shares of the company’s stock worth $1,044,000 after acquiring an additional 19,241 shares during the last quarter. Ancora Advisors LLC purchased a new stake in NACCO Industries in the 3rd quarter valued at $609,000. Goldman Sachs Group Inc. acquired a new stake in NACCO Industries during the 4th quarter worth $454,000. Baird Financial Group Inc. purchased a new position in NACCO Industries during the 1st quarter worth $219,000. Finally, Citadel Advisors LLC increased its stake in NACCO Industries by 88.4% in the third quarter. Citadel Advisors LLC now owns 13,174 shares of the company’s stock valued at $555,000 after purchasing an additional 6,182 shares during the period. Hedge funds and other institutional investors own 49.10% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut NACCO Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NACCO Industries has a consensus 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.