NACCO Industries (NYSE:NC) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of NACCO Industries, Inc. (NYSE:NC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.37 and traded as high as $32.12. NACCO Industries shares last traded at $31.93, with a volume of 7,306 shares.

NACCO Industries Trading Down 0.1 %

The company has a market capitalization of $232.96 million, a P/E ratio of -13.76 and a beta of 0.97. The stock’s 50 day moving average is $30.78 and its 200-day moving average is $29.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39.

NACCO Industries (NYSE:NC) last announced its earnings results on Wednesday, October 30th. The company reported $2.14 earnings per share for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%. The business had revenue of $61.66 million during the quarter.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Monday, December 2nd. NACCO Industries’s dividend payout ratio is -39.22%.

Institutional Investors Weigh In On NACCO Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC increased its position in shares of NACCO Industries by 365.4% during the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock valued at $199,000 after acquiring an additional 5,499 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in NACCO Industries by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after purchasing an additional 3,615 shares during the last quarter. Empowered Funds LLC boosted its holdings in NACCO Industries by 5.3% in the third quarter. Empowered Funds LLC now owns 34,728 shares of the company’s stock worth $985,000 after purchasing an additional 1,742 shares during the last quarter. Finally, State Street Corp boosted its holdings in NACCO Industries by 1.0% in the third quarter. State Street Corp now owns 78,276 shares of the company’s stock worth $2,219,000 after purchasing an additional 763 shares during the last quarter. Institutional investors own 49.10% of the company’s stock.

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.