NACCO Industries (NYSE:NC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of NACCO Industries, Inc. (NYSE:NC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $46.02 and traded as high as $58.52. NACCO Industries shares last traded at $57.86, with a volume of 10,086 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NACCO Industries in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, NACCO Industries currently has an average rating of “Buy”.

NACCO Industries Stock Performance

The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $50.95 and a two-hundred day moving average price of $46.02. The company has a market capitalization of $431.64 million, a price-to-earnings ratio of 14.84 and a beta of 0.48.

NACCO Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders 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 1.7%. The ex-dividend date of this dividend is Monday, March 2nd. NACCO Industries’s dividend payout ratio (DPR) is currently 25.90%.

NACCO Industries announced that its Board of Directors has approved a share repurchase program on Tuesday, November 18th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NC. Police & Firemen s Retirement System of New Jersey purchased a new position in NACCO Industries during the second quarter worth about $41,000. Tower Research Capital LLC TRC increased its position in shares of NACCO Industries by 362.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock worth $70,000 after acquiring an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. increased its position 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 worth $86,000 after acquiring an additional 1,932 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of NACCO Industries in the 4th quarter valued at $122,000. Finally, Byrne Asset Management LLC raised its position in NACCO Industries by 120.7% in the fourth quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock valued at $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.

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.