Insider Selling: NACCO Industries (NYSE:NC) SVP Sells $85,493.28 in Stock

NACCO Industries, Inc. (NYSE:NC) SVP Elizabeth Loveman sold 1,662 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $51.44, for a total transaction of $85,493.28. Following the completion of the transaction, the senior vice president directly owned 14,999 shares of the company’s stock, valued at $771,548.56. This represents a 9.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, March 12th, Elizabeth Loveman sold 4,053 shares of NACCO Industries stock. The stock was sold at an average price of $52.04, for a total value of $210,918.12.

NACCO Industries Price Performance

NYSE:NC opened at $49.06 on Thursday. The business’s 50-day simple moving average is $52.06 and its two-hundred day simple moving average is $47.43. NACCO Industries, Inc. has a 52 week low of $30.00 and a 52 week high of $59.42. The stock has a market cap of $369.43 million, a PE ratio of 20.79 and a beta of 0.45. The company has a quick ratio of 2.17, a current ratio of 3.09 and a debt-to-equity ratio of 0.21.

NACCO Industries (NYSE:NC) last released its quarterly earnings data on Wednesday, March 4th. The company reported ($0.52) earnings per share for the quarter. NACCO Industries had a return on equity of 4.19% and a net margin of 6.34%.The business had revenue of $66.78 million during the quarter.

NACCO Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.2525 dividend. This represents a $1.01 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, March 2nd. NACCO Industries’s dividend payout ratio is presently 42.80%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of NACCO Industries from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NACCO Industries presently has an average rating of “Hold”.

Institutional Investors Weigh In On NACCO Industries

Several large investors have recently made changes to their positions in NC. Barclays PLC lifted its position in shares of NACCO Industries by 10.6% in the fourth quarter. Barclays PLC now owns 6,406 shares of the company’s stock worth $314,000 after buying an additional 614 shares in the last quarter. JPMorgan Chase & Co. increased its stake in NACCO Industries by 12.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,563 shares of the company’s stock worth $277,000 after acquiring an additional 718 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in NACCO Industries by 1.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 47,024 shares of the company’s stock worth $1,983,000 after acquiring an additional 759 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of NACCO Industries by 4.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,853 shares of the company’s stock worth $880,000 after acquiring an additional 774 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of NACCO Industries during the 2nd quarter worth approximately $41,000. 49.10% of the stock is owned by institutional investors.

About NACCO Industries

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.