NACCO Industries (NYSE:NC) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

NACCO Industries, Inc. (NYSE:NC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.58 and traded as high as $32.79. NACCO Industries shares last traded at $31.56, with a volume of 5,537 shares traded.

NACCO Industries Stock Up 1.0 %

The business’s 50-day moving average is $31.15 and its two-hundred day moving average is $29.59. The firm has a market capitalization of $233.87 million, a price-to-earnings ratio of -13.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76.

NACCO Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.2275 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.84%. NACCO Industries’s dividend payout ratio is -39.22%.

Institutional Trading of NACCO Industries

Large investors have recently made changes to their positions in the company. Trexquant Investment LP bought a new position in shares of NACCO Industries during the 4th quarter valued at about $282,000. JPMorgan Chase & Co. increased its position in shares of NACCO Industries by 97.6% during the fourth quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company’s stock worth $487,000 after acquiring an additional 8,062 shares in the last quarter. Barclays PLC raised its holdings in shares of NACCO Industries by 365.4% during the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after acquiring an additional 5,499 shares during the period. Empowered Funds LLC raised its holdings in shares of NACCO Industries by 5.3% during the third quarter. Empowered Funds LLC now owns 34,728 shares of the company’s stock worth $985,000 after acquiring an additional 1,742 shares during the period. Finally, Bank of America Corp DE lifted its position in NACCO Industries by 21.7% in the 4th quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after acquiring an additional 1,158 shares in the last quarter. Institutional investors own 49.10% of the company’s stock.

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.