NACCO Industries (NYSE:NC) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Technical weakness: NACCO crossed below its 200-day moving average, trading as low as $47.48 and last at $48.30 versus a 200-day MA of $49.06 and a 50-day MA of $52.25, signaling short‑term downside pressure.
• Analyst downgrade: Weiss Ratings cut NACCO from a "Buy (b-)" to a "Hold (c)," and the stock's consensus rating on MarketBeat is currently "Hold."
• Fundamentals and insider activity: The company reported Q earnings of ($0.52) on $66.78M revenue, has a $363.7M market cap and a $1.01 annual dividend (2.1% yield), while insiders recently sold 7,500 shares and collectively own about 44.76% of the stock.

NACCO Industries, Inc. (NYSE:NC - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $49.06 and traded as low as $47.48. NACCO Industries shares last traded at $48.3030, with a volume of 5,195 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of NACCO Industries from a "buy (b-)" rating to a "hold (c)" rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

NACCO Industries Trading Up 0.9%

The company has a market capitalization of $363.72 million, a P/E ratio of 20.47 and a beta of 0.50. The stock's 50 day moving average is $52.25 and its 200-day moving average is $49.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.09 and a quick ratio of 2.17.

NACCO Industries (NYSE:NC - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($0.52) earnings per share (EPS) 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 during the quarter.

NACCO Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.2525 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, March 2nd. NACCO Industries's dividend payout ratio is presently 42.80%.

Insider Transactions at NACCO Industries

In related news, SVP Elizabeth Loveman sold 4,053 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $52.04, for a total value of $210,918.12. Following the completion of the transaction, the senior vice president directly owned 16,661 shares of the company's stock, valued at $867,038.44. This represents a 19.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas A. Maxwell sold 1,785 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $48.55, for a total transaction of $86,661.75. Following the completion of the transaction, the senior vice president directly owned 5,944 shares of the company's stock, valued at approximately $288,581.20. The trade was a 23.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 7,500 shares of company stock valued at $383,073. 44.76% of the stock is owned by insiders.

Hedge Funds Weigh In On NACCO Industries

A number of institutional investors have recently bought and sold shares of NC. Tower Research Capital LLC TRC grew its holdings in NACCO Industries by 362.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company's stock worth $70,000 after purchasing an additional 1,241 shares during the period. Russell Investments Group Ltd. grew its holdings in NACCO Industries by 1,788.9% in the third quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company's stock worth $86,000 after purchasing an additional 1,932 shares during the period. Los Angeles Capital Management LLC purchased a new stake in NACCO Industries in the fourth quarter worth about $122,000. Byrne Asset Management LLC grew its holdings in NACCO Industries by 120.7% in the fourth quarter. Byrne Asset Management LLC now owns 3,200 shares of the company's stock worth $157,000 after purchasing an additional 1,750 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in NACCO Industries by 51.6% in the third quarter. Exchange Traded Concepts LLC now owns 4,565 shares of the company's stock worth $192,000 after purchasing an additional 1,553 shares during the period. 49.10% of the stock is 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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