Thomas Maxwell Sells 1,785 Shares of NACCO Industries (NYSE:NC) Stock

NACCO Industries, Inc. (NYSE:NC) SVP Thomas Maxwell sold 1,785 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president owned 5,944 shares in the company, valued at approximately $288,581.20. This trade represents a 23.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NACCO Industries Stock Down 1.3%

Shares of NC opened at $50.59 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.17 and a current ratio of 3.09. NACCO Industries, Inc. has a one year low of $30.00 and a one year high of $59.42. The stock has a market capitalization of $377.41 million, a price-to-earnings ratio of 21.44 and a beta of 0.45. The stock has a 50 day moving average price of $51.58 and a 200 day moving average price of $46.96.

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

NACCO Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.2525 dividend. This represents a $1.01 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. NACCO Industries’s dividend payout ratio (DPR) is currently 42.80%.

NACCO Industries declared that its board has authorized a stock buyback program on Tuesday, November 18th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On NACCO Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in NACCO Industries by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 95,345 shares of the company’s stock valued at $4,677,000 after buying an additional 2,507 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of NACCO Industries by 2.3% during the 3rd quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company’s stock valued at $3,245,000 after acquiring an additional 1,722 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of NACCO Industries by 1.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 47,809 shares of the company’s stock valued at $2,345,000 after acquiring an additional 785 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of NACCO Industries by 6.9% in the first quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock valued at $1,315,000 after purchasing an additional 2,528 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in NACCO Industries during the second quarter worth about $1,318,000. Institutional investors and hedge funds own 49.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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