NACCO Industries (NYSE:NC) Shares Pass Below 200 Day Moving Average of $34.45

NACCO Industries, Inc. (NYSE:NC - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.45 and traded as low as $29.39. NACCO Industries shares last traded at $29.39, with a volume of 15,867 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TheStreet cut NACCO Industries from a "b-" rating to a "c+" rating in a research note on Thursday, March 7th.

NACCO Industries Stock Performance

The stock has a 50 day simple moving average of $32.88 and a 200 day simple moving average of $34.43. The company has a market cap of $218.78 million, a price-to-earnings ratio of -5.51 and a beta of 0.82. The company has a quick ratio of 2.21, a current ratio of 3.31 and a debt-to-equity ratio of 0.06.

NACCO Industries (NYSE:NC - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $1.08 EPS for the quarter. The company had revenue of $56.76 million for the quarter. NACCO Industries had a positive return on equity of 2.97% and a negative net margin of 18.43%.

NACCO Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, March 1st. NACCO Industries's payout ratio is -16.45%.

Insider Transactions at NACCO Industries

In other news, SVP Thomas A. Maxwell sold 866 shares of NACCO Industries stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.64, for a total transaction of $25,668.24. Following the sale, the senior vice president now directly owns 8,834 shares of the company's stock, valued at $261,839.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 40.31% of the company's stock.

Institutional Trading of NACCO Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of NACCO Industries by 249.4% during the second quarter. State Street Corp now owns 70,035 shares of the company's stock valued at $2,654,000 after purchasing an additional 49,991 shares during the last quarter. Curbstone Financial Management Corp grew its holdings in shares of NACCO Industries by 123.2% during the third quarter. Curbstone Financial Management Corp now owns 57,542 shares of the company's stock valued at $2,018,000 after purchasing an additional 31,766 shares during the last quarter. Northern Trust Corp grew its holdings in shares of NACCO Industries by 165.2% during the second quarter. Northern Trust Corp now owns 42,151 shares of the company's stock valued at $1,598,000 after purchasing an additional 26,256 shares during the last quarter. BlackRock Inc. grew its holdings in shares of NACCO Industries by 9.0% during the third quarter. BlackRock Inc. now owns 284,571 shares of the company's stock valued at $13,384,000 after purchasing an additional 23,422 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of NACCO Industries by 6.3% during the first quarter. Renaissance Technologies LLC now owns 263,415 shares of the company's stock valued at $10,331,000 after purchasing an additional 15,597 shares during the last quarter. 49.10% of the stock is owned by institutional investors.

NACCO Industries Company Profile

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.