NN, Inc. (NASDAQ:NNBR) has received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.67.
A number of research firms have issued reports on NNBR. BidaskClub upgraded shares of NN from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a report on Friday, October 11th. Finally, ValuEngine upgraded shares of NN from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th.
Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its holdings in NN by 150.4% in the 2nd quarter. Bank of Montreal Can now owns 5,939 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 3,567 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of NN during the 2nd quarter valued at about $68,000. Metropolitan Life Insurance Co NY increased its stake in shares of NN by 18.2% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 12,637 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 1,950 shares during the last quarter. Jefferies Group LLC acquired a new position in shares of NN during the 2nd quarter valued at about $105,000. Finally, US Bancorp DE increased its stake in shares of NN by 32.5% during the 2nd quarter. US Bancorp DE now owns 11,301 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 2,775 shares during the last quarter. Institutional investors own 93.42% of the company’s stock.
Shares of NN stock traded down $0.28 on Monday, hitting $7.28. The company’s stock had a trading volume of 335,000 shares, compared to its average volume of 315,353. The company has a market capitalization of $314.79 million, a P/E ratio of 6.22 and a beta of 1.69. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 2.42. The firm has a fifty day moving average price of $7.11 and a 200-day moving average price of $7.98. NN has a 52-week low of $5.55 and a 52-week high of $12.77.
NN (NASDAQ:NNBR) last released its earnings results on Thursday, August 8th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.02). The firm had revenue of $221.70 million during the quarter, compared to analysts’ expectations of $217.95 million. NN had a negative net margin of 30.86% and a positive return on equity of 8.04%. NN’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. As a group, analysts expect that NN will post 1.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 3.85%. NN’s dividend payout ratio (DPR) is 23.93%.
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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