NACCO Industries (NYSE:NC) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• NACCO Industries' stock price has recently crossed above its 200-day moving average of $35.76, reaching a high of $37.86 during trading.
• Wall Street Zen has downgraded NACCO Industries from a "buy" to a "hold" rating, indicating a more cautious outlook for the company's stock.
• The company announced an increased quarterly dividend of $0.2525, which reflects a positive change from the previous dividend of $0.23 and offers an annualized yield of 2.7%.

Shares of NACCO Industries, Inc. (NYSE:NC - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.76 and traded as high as $37.86. NACCO Industries shares last traded at $37.06, with a volume of 2,951 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered NACCO Industries from a "buy" rating to a "hold" rating in a research report on Saturday.

NACCO Industries Stock Down 0.6%

The company has a current ratio of 3.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.22. The stock's 50 day simple moving average is $39.43 and its 200 day simple moving average is $35.85. The stock has a market capitalization of $274.24 million, a P/E ratio of 8.65 and a beta of 0.70.

NACCO Industries (NYSE:NC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 earnings per share for the quarter. NACCO Industries had a return on equity of 7.72% and a net margin of 11.79%. The company had revenue of $68.24 million for the quarter.

NACCO Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.2525 dividend. This represents a $1.01 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from NACCO Industries's previous quarterly dividend of $0.23. NACCO Industries's dividend payout ratio (DPR) is presently 23.71%.

Institutional Trading of NACCO Industries

A number of institutional investors and hedge funds have recently modified their holdings of NC. Mudita Advisors LLP acquired a new stake in NACCO Industries in the 1st quarter valued at $2,910,000. PNC Financial Services Group Inc. raised its stake in shares of NACCO Industries by 343.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,556 shares of the company's stock valued at $2,346,000 after purchasing an additional 53,873 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of NACCO Industries in the second quarter valued at about $1,318,000. Nuveen LLC bought a new stake in shares of NACCO Industries in the 1st quarter valued at about $445,000. Finally, JPMorgan Chase & Co. raised its position in shares of NACCO Industries by 97.6% in the fourth quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company's stock valued at $487,000 after purchasing an additional 8,062 shares during the period. 49.10% of the stock is currently owned by institutional investors and hedge funds.

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.