NACCO Industries (NYSE:NC) Issues Quarterly Earnings Results

Key Points

• NACCO reported quarterly EPS of $1.17, with a net margin of 6.34% and ROE of 4.19%; the stock traded up to $49.44, valuing the company at about $372.5 million with a PE of 20.95.
• The firm paid a quarterly dividend of $0.2525 on March 16 (annualized $1.01), implying a 2.0% yield and a dividend payout ratio of 42.8%.
• Insiders have sold a total of 7,500 shares worth $383,073 in the past 90 days (insiders still own 44.76%), while institutional ownership stands at 49.10% after recent buying by firms including Invesco, Millennium and Russell.

NACCO Industries (NYSE:NC - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.17 earnings per share for the quarter, Zacks reports. NACCO Industries had a net margin of 6.34% and a return on equity of 4.19%.

NACCO Industries Stock Performance

NC traded up $1.43 during trading on Tuesday, hitting $49.44. The company's stock had a trading volume of 6,283 shares, compared to its average volume of 11,314. 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 has a one year low of $32.16 and a one year high of $59.42. The firm has a market cap of $372.49 million, a PE ratio of 20.95 and a beta of 0.43. The business's 50 day simple moving average is $51.58 and its 200-day simple moving average is $49.48.

NACCO Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.2525 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.01 annualized dividend and a yield of 2.0%. NACCO Industries's dividend payout ratio (DPR) is presently 42.80%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of NACCO Industries from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, NACCO Industries currently has an average rating of "Hold".

Insider Buying and Selling at NACCO Industries

In other news, SVP Elizabeth Loveman sold 1,662 shares of the firm's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $51.44, for a total transaction of $85,493.28. Following the sale, the senior vice president directly owned 14,999 shares in the company, valued at $771,548.56. This trade represents a 9.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas A. Maxwell sold 1,785 shares of the firm's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $48.55, for a total transaction of $86,661.75. Following the sale, the senior vice president owned 5,944 shares in the company, valued at $288,581.20. The trade was a 23.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,500 shares of company stock worth $383,073 over the last 90 days. Insiders own 44.76% of the company's stock.

Institutional Trading of NACCO Industries

Several institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. bought a new stake in shares of NACCO Industries during the 4th quarter valued at $236,000. Millennium Management LLC raised its position in shares of NACCO Industries by 85.3% during the 4th quarter. Millennium Management LLC now owns 11,851 shares of the company's stock valued at $581,000 after purchasing an additional 5,457 shares during the period. AQR Capital Management LLC bought a new stake in shares of NACCO Industries during the 4th quarter valued at $225,000. Kovack Advisors Inc. bought a new stake in shares of NACCO Industries during the 4th quarter valued at $204,000. Finally, Russell Investments Group Ltd. raised its position in shares of NACCO Industries by 943.2% during the 4th quarter. Russell Investments Group Ltd. now owns 21,281 shares of the company's stock valued at $1,044,000 after purchasing an additional 19,241 shares during the period. 49.10% of the stock is currently owned by institutional investors.

About NACCO Industries

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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