NACCO Industries (NYSE:NC) Share Price Passes Below 200 Day Moving Average of $33.95

NACCO Industries, Inc. (NYSE:NC)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.95 and traded as low as $27.51. NACCO Industries shares last traded at $27.52, with a volume of 16,386 shares traded.

Wall Street Analyst Weigh In

Separately, TheStreet cut NACCO Industries from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th.

NACCO Industries Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.21 and a current ratio of 3.31. The firm’s 50 day moving average price is $30.84 and its two-hundred day moving average price is $33.90. The company has a market cap of $212.33 million, a P/E ratio of -5.35 and a beta of 0.81.

NACCO Industries (NYSE:NC) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.08 earnings per share for the quarter. NACCO Industries had a negative net margin of 18.43% and a positive return on equity of 2.97%. The firm had revenue of $56.76 million during the quarter.

NACCO Industries Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.2175 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.87 annualized dividend and a yield of 3.07%. NACCO Industries’s payout ratio is currently -16.45%.

Insider Activity

In related news, SVP Thomas A. Maxwell sold 866 shares of NACCO Industries stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $29.64, for a total value of $25,668.24. Following the completion of the sale, the senior vice president now owns 8,834 shares of the company’s stock, valued at approximately $261,839.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 40.72% of the company’s stock.

Institutional Trading of NACCO Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in NACCO Industries by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 444,392 shares of the company’s stock valued at $16,030,000 after buying an additional 2,748 shares during the last quarter. BlackRock Inc. grew its stake in NACCO Industries by 3.3% in the 2nd quarter. BlackRock Inc. now owns 293,948 shares of the company’s stock valued at $10,188,000 after purchasing an additional 9,478 shares during the period. Renaissance Technologies LLC increased its position in shares of NACCO Industries by 6.3% during the 1st quarter. Renaissance Technologies LLC now owns 263,415 shares of the company’s stock valued at $10,331,000 after purchasing an additional 15,597 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of NACCO Industries by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 208,511 shares of the company’s stock worth $7,611,000 after purchasing an additional 3,847 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of NACCO Industries by 3.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 84,386 shares of the company’s stock worth $3,080,000 after buying an additional 2,496 shares during the last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Company Profile

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.