NN VP William C. Kelly, Jr. Sells 22,450 Shares (NNBR)
NN (NASDAQ:NNBR) VP William C. Kelly, Jr. sold 22,450 shares of NN stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $23.52, for a total transaction of $528,024.00. Following the completion of the transaction, the vice president now directly owns 46,100 shares of the company’s stock, valued at approximately $1,084,272. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on NNBR. Analysts at Singular Research raised their price target on shares of NN from $24.00 to $27.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of NN from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 19th. They now have a $22.50 price target on the stock.
NN (NASDAQ:NNBR) traded up 3.90% during mid-day trading on Monday, hitting $23.97. The stock had a trading volume of 219,003 shares. NN has a one year low of $8.32 and a one year high of $23.18. The stock’s 50-day moving average is $20.01 and its 200-day moving average is $19.08. The company has a market cap of $430.5 million and a P/E ratio of 20.60.
NN (NASDAQ:NNBR) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $102.53 million for the quarter, compared to the consensus estimate of $101.30 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts predict that NN will post $1.39 earnings per share for the current fiscal year.
NN, Inc (NASDAQ:NNBR) is a manufacturer of precision balls, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components.
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