NN, Inc. (NASDAQ:NNBR) Director David Floyd purchased 1,865 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $26.98 per share, with a total value of $50,317.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NN, Inc. (NASDAQ NNBR) traded down $0.40 during midday trading on Wednesday, hitting $27.60. The stock had a trading volume of 72,800 shares, compared to its average volume of 158,651. The firm has a market cap of $772.05, a P/E ratio of 17.28 and a beta of 0.64. The company has a current ratio of 3.16, a quick ratio of 2.72 and a debt-to-equity ratio of 1.80. NN, Inc. has a 12 month low of $17.15 and a 12 month high of $32.90.
NN (NASDAQ:NNBR) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $148.16 million during the quarter, compared to the consensus estimate of $150.50 million. NN had a positive return on equity of 12.72% and a negative net margin of 1.76%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. equities analysts predict that NN, Inc. will post 1.58 EPS for the current fiscal year.
Several equities analysts have recently weighed in on NNBR shares. KeyCorp reaffirmed a “buy” rating and set a $36.00 price target on shares of NN in a research note on Friday, October 20th. ValuEngine cut shares of NN from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, William Blair reaffirmed a “market perform” rating on shares of NN in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. NN currently has a consensus rating of “Hold” and an average target price of $33.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of NN by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,090 shares of the industrial products company’s stock valued at $579,000 after buying an additional 126 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of NN by 1.5% in the 2nd quarter. Teachers Advisors LLC now owns 49,164 shares of the industrial products company’s stock valued at $1,350,000 after buying an additional 706 shares during the last quarter. AlphaOne Investment Services LLC boosted its holdings in shares of NN by 1.1% in the 2nd quarter. AlphaOne Investment Services LLC now owns 132,642 shares of the industrial products company’s stock valued at $3,642,000 after buying an additional 1,400 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of NN by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 82,800 shares of the industrial products company’s stock valued at $2,273,000 after buying an additional 1,800 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of NN by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock valued at $335,000 after buying an additional 2,037 shares during the last quarter. 93.63% of the stock is owned by institutional investors.
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NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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