NACCO Industries (NYSE:NC) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

NACCO Industries, Inc. (NYSE:NC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.56 and traded as high as $37.95. NACCO Industries shares last traded at $37.41, with a volume of 12,079 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised NACCO Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

NACCO Industries Trading Up 1.0%

The stock has a market cap of $273.64 million, a price-to-earnings ratio of -15.85 and a beta of 0.54. The company's fifty day moving average is $34.97 and its two-hundred day moving average is $32.63. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17.

NACCO Industries (NYSE:NC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $65.57 million during the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%.

NACCO Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.2525 dividend. This represents a $1.01 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from NACCO Industries's previous quarterly dividend of $0.23. NACCO Industries's dividend payout ratio is 21.81%.

Hedge Funds Weigh In On NACCO Industries

Several hedge funds and other institutional investors have recently made changes to their positions in NC. Wells Fargo & Company MN grew its holdings in NACCO Industries by 18.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after purchasing an additional 394 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of NACCO Industries by 2.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company's stock valued at $569,000 after purchasing an additional 424 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of NACCO Industries by 30.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company's stock worth $80,000 after buying an additional 559 shares in the last quarter. Byrne Asset Management LLC raised its holdings in NACCO Industries by 105.6% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $46,000 after acquiring an additional 697 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of NACCO Industries by 3.4% in the 4th quarter. Two Sigma Advisers LP now owns 21,316 shares of the company's stock worth $636,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 49.10% of the company's stock.

About NACCO Industries

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.