Thomas A. Maxwell Sells 1,034 Shares of NACCO Industries, Inc. (NYSE:NC) Stock

NACCO Industries, Inc. (NYSE:NC) SVP Thomas A. Maxwell sold 1,034 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 7,800 shares of the company’s stock, valued at $249,834. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

NACCO Industries Trading Down 2.5 %

NC opened at $29.52 on Wednesday. NACCO Industries, Inc. has a twelve month low of $27.26 and a twelve month high of $38.66. The company has a quick ratio of 2.14, a current ratio of 3.33 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $30.69 and a 200-day moving average of $32.76. The stock has a market cap of $219.92 million, a PE ratio of -5.43 and a beta of 1.00.

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

NACCO Industries Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 3.08%. The ex-dividend date was Friday, May 31st. NACCO Industries’s dividend payout ratio is presently -16.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NC. Empowered Funds LLC boosted its stake in NACCO Industries by 8.0% during the first quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock worth $926,000 after acquiring an additional 2,275 shares in the last quarter. Vanguard Group Inc. boosted its stake in NACCO Industries by 0.7% during the first quarter. Vanguard Group Inc. now owns 210,072 shares of the company’s stock worth $6,344,000 after acquiring an additional 1,561 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of NACCO Industries by 12.9% in the third quarter. New York State Common Retirement Fund now owns 13,100 shares of the company’s stock valued at $459,000 after buying an additional 1,500 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of NACCO Industries by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after buying an additional 881 shares in the last quarter. 49.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

NACCO Industries Company Profile

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.