NACCO Industries (NYSE:NC) Shares Cross Above Fifty Day Moving Average – Should You Sell?

NACCO Industries, Inc. (NYSE:NC) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $50.20 and traded as high as $50.52. NACCO Industries shares last traded at $50.5780, with a volume of 15,022 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NACCO Industries has an average rating of “Hold”.

NACCO Industries Price Performance

The company has a quick ratio of 2.35, a current ratio of 3.30 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $50.23 and a two-hundred day moving average price of $50.71. The stock has a market capitalization of $392.10 million, a P/E ratio of 18.12 and a beta of 0.44.

NACCO Industries (NYSE:NC) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.17 earnings per share (EPS) for the quarter. NACCO Industries had a net margin of 7.84% and a return on equity of 5.04%. The company had revenue of $62.77 million for the quarter.

NACCO Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.2625 dividend. This is a boost from NACCO Industries’s previous quarterly dividend of $0.25. This represents a $1.05 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, June 1st. NACCO Industries’s payout ratio is currently 36.59%.

Institutional Investors Weigh In On NACCO Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in NACCO Industries by 362.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock valued at $70,000 after acquiring an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of NACCO Industries by 1,788.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock worth $86,000 after purchasing 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 fourth quarter worth $122,000. Byrne Asset Management LLC raised its stake in shares of NACCO Industries by 120.7% in the fourth quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock worth $157,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in shares of NACCO Industries in the fourth quarter worth $204,000. 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.