NACCO Industries (NYSE:NC) Shares Cross Below 200-Day Moving Average of $32.42

NACCO Industries, Inc. (NYSE:NC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.42 and traded as low as $27.59. NACCO Industries shares last traded at $28.00, with a volume of 20,402 shares trading hands.

Wall Street Analyst Weigh In

Separately, TheStreet cut NACCO Industries from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th.

NACCO Industries Price Performance

The company has a market capitalization of $208.60 million, a PE ratio of -5.15 and a beta of 0.98. The company has a current ratio of 3.33, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $30.88 and a 200-day simple moving average of $32.42.

NACCO Industries (NYSE:NC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter. NACCO Industries had a positive return on equity of 2.79% and a negative net margin of 18.68%. The company had revenue of $53.29 million during the quarter.

NACCO Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were given a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Friday, May 31st. NACCO Industries’s payout ratio is currently -16.73%.

Insider Transactions at NACCO Industries

In other news, SVP Thomas A. Maxwell sold 1,034 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $32.03, for a total transaction of $33,119.02. Following the completion of the sale, the senior vice president now owns 7,800 shares in the company, valued at $249,834. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 41.26% of the company’s stock.

Institutional Investors Weigh In On NACCO Industries

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in NACCO Industries by 0.7% in the first quarter. Vanguard Group Inc. now owns 210,072 shares of the company’s stock valued at $6,344,000 after purchasing an additional 1,561 shares during the period. Empowered Funds LLC lifted its position in shares of NACCO Industries by 8.0% during the 1st quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock valued at $926,000 after acquiring an additional 2,275 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of NACCO Industries by 73.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after acquiring an additional 881 shares during the period. Institutional investors and hedge funds own 49.10% of the company’s stock.

About NACCO Industries

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.