Insider Selling: NACCO Industries (NYSE:NC) SVP Sells 1,897 Shares of Stock

NACCO Industries, Inc. (NYSE:NC) SVP Elizabeth Loveman sold 1,897 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $49.94, for a total transaction of $94,736.18. Following the transaction, the senior vice president directly owned 18,172 shares of the company’s stock, valued at approximately $907,509.68. This trade represents a 9.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 10th, Elizabeth Loveman sold 2,997 shares of NACCO Industries stock. The shares were sold at an average price of $45.22, for a total value of $135,524.34.
• On Thursday, September 4th, Elizabeth Loveman sold 3,208 shares of NACCO Industries stock. The stock was sold at an average price of $39.18, for a total transaction of $125,689.44.

NACCO Industries Trading Up 2.1%

NYSE NC traded up $1.03 on Thursday, reaching $51.34. The stock had a trading volume of 7,692 shares, compared to its average volume of 10,221. NACCO Industries, Inc. has a 12-month low of $27.47 and a 12-month high of $52.41. The company has a quick ratio of 2.90, a current ratio of 3.91 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $42.40 and a two-hundred day moving average price of $39.54. The firm has a market capitalization of $382.62 million, a price-to-earnings ratio of 12.05 and a beta of 0.74.

NACCO Industries (NYSE:NC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.78 earnings per share for the quarter. The business had revenue of $76.61 million for the quarter. NACCO Industries had a return on equity of 7.72% and a net margin of 11.79%.

NACCO Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $0.2525 dividend. This represents a $1.01 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, September 2nd. NACCO Industries’s dividend payout ratio is currently 25.90%.

Institutional Trading of NACCO Industries

A number of hedge funds have recently made changes to their positions in NC. JPMorgan Chase & Co. grew its holdings in NACCO Industries by 12.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,563 shares of the company’s stock valued at $277,000 after purchasing an additional 718 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in NACCO Industries by 1.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 47,024 shares of the company’s stock worth $1,983,000 after purchasing an additional 759 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of NACCO Industries by 4.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,853 shares of the company’s stock worth $880,000 after buying an additional 774 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of NACCO Industries during the second quarter worth approximately $41,000. Finally, Rhumbline Advisers raised its holdings in NACCO Industries by 16.6% in the second quarter. Rhumbline Advisers now owns 7,455 shares of the company’s stock valued at $330,000 after acquiring an additional 1,062 shares in the last quarter. Hedge funds and other institutional investors own 49.10% of the company’s stock.

Analyst Ratings Changes

NC has been the topic of a number of research reports. Wall Street Zen lowered NACCO Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NACCO Industries in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, NACCO Industries presently has an average rating of “Hold”.

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.