NACCO Industries (NYSE:NC) Posts Earnings Results

NACCO Industries (NYSE:NC) issued its quarterly earnings results on Tuesday. The company reported $1.17 earnings per share for the quarter, Zacks reports. The company had revenue of $62.78 million during the quarter. NACCO Industries had a net margin of 7.84% and a return on equity of 5.09%.

NACCO Industries Stock Up 0.7%

NYSE:NC traded up $0.35 on Thursday, hitting $51.09. 7,982 shares of the company’s stock traded hands, compared to its average volume of 11,381. The company has a current ratio of 3.09, a quick ratio of 2.17 and a debt-to-equity ratio of 0.21. NACCO Industries has a 1 year low of $33.18 and a 1 year high of $59.42. The firm has a 50-day moving average price of $51.36 and a 200-day moving average price of $49.57. The company has a market cap of $384.71 million, a PE ratio of 17.80 and a beta of 0.43.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.2525 per share. This represents a $1.01 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, March 2nd. NACCO Industries’s payout ratio is 42.80%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of NACCO Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Insider Activity

In other NACCO Industries news, SVP Thomas A. Maxwell sold 1,785 shares of NACCO Industries stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $48.55, for a total transaction of $86,661.75. Following the transaction, the senior vice president owned 5,944 shares of the company’s stock, valued at $288,581.20. The trade was a 23.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Elizabeth Loveman sold 4,053 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $52.04, for a total value of $210,918.12. Following the completion of the sale, the senior vice president directly owned 16,661 shares of the company’s stock, valued at approximately $867,038.44. The trade was a 19.57% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 7,500 shares of company stock worth $383,073. Company insiders own 44.76% of the company’s stock.

Institutional Investors Weigh In On NACCO Industries

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of 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 buying an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. boosted its position in NACCO Industries by 1,788.9% during the third 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 during the period. Los Angeles Capital Management LLC bought a new stake in NACCO Industries during the fourth quarter worth approximately $122,000. Kovack Advisors Inc. bought a new stake in NACCO Industries during the fourth quarter worth approximately $204,000. Finally, Baird Financial Group Inc. bought a new stake in NACCO Industries during the first quarter worth approximately $219,000. 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.