Key Points
- SVP Elizabeth Loveman sold 4,053 shares on March 12 at an average $52.04 for $210,918 and an additional 1,662 shares on March 13 at $51.44 for $85,493, totaling 5,715 shares sold (~$296,411); after the March 12 sale she owned 16,661 shares (a 19.57% reduction).
- NACCO reported a quarterly loss of ($0.52) EPS on $66.78 million in revenue.
- The company pays a quarterly dividend of $0.2525 (annualized $1.01, yield 1.9%, DPR 42.8%) and its board approved a $20 million share buyback program to repurchase up to about 5.2% of outstanding shares.
NACCO Industries, Inc. (NYSE:NC - Get Free Report) SVP Elizabeth Loveman sold 1,662 shares of the business's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $51.44, for a total value of $85,493.28. Following the sale, the senior vice president owned 14,999 shares in the company, valued at $771,548.56. The trade was a 9.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Elizabeth Loveman also recently made the following trade(s):
- On Thursday, March 12th, Elizabeth Loveman sold 4,053 shares of NACCO Industries stock. The shares were sold at an average price of $52.04, for a total transaction of $210,918.12.
NACCO Industries Stock Performance
Shares of NACCO Industries stock opened at $51.99 on Tuesday. The company has a 50 day moving average price of $51.92 and a 200 day moving average price of $47.34. The firm has a market capitalization of $391.45 million, a P/E ratio of 22.03 and a beta of 0.44. The company has a quick ratio of 2.17, a current ratio of 3.09 and a debt-to-equity ratio of 0.21. NACCO Industries, Inc. has a 52 week low of $30.00 and a 52 week high of $59.42.
NACCO Industries (NYSE:NC - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported ($0.52) earnings per share for the quarter. NACCO Industries had a return on equity of 4.19% and a net margin of 6.34%.The company had revenue of $66.78 million for the quarter.
NACCO Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.2525 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.9%. NACCO Industries's payout ratio is 42.80%.
NACCO Industries announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 18th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On NACCO Industries
Several hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new position in shares of NACCO Industries during the 2nd quarter valued at approximately $1,318,000. Saber Capital Managment LLC purchased a new stake in NACCO Industries during the fourth quarter worth $1,121,000. M&T Bank Corp acquired a new stake in NACCO Industries during the second quarter valued at $953,000. Russell Investments Group Ltd. grew its position in NACCO Industries by 943.2% during the fourth quarter. Russell Investments Group Ltd. now owns 21,281 shares of the company's stock valued at $1,044,000 after buying an additional 19,241 shares during the period. Finally, Ancora Advisors LLC purchased a new position in NACCO Industries in the third quarter valued at $609,000. Hedge funds and other institutional investors own 49.10% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings lowered NACCO Industries from a "buy (b-)" rating to a "hold (c)" rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Stock Analysis on NACCO Industries
About NACCO Industries
(
Get Free Report)
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.
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