NN, Inc. (NASDAQ:NNBR) announced a quarterly dividend on Monday, May 22nd. Shareholders of record on Friday, June 2nd will be paid a dividend of 0.07 per share by the industrial products company on Friday, June 16th. This represents a $0.28 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, May 31st.

Shares of NN (NASDAQ:NNBR) traded up 0.18% during midday trading on Monday, reaching $27.55. 127,152 shares of the company’s stock were exchanged. The company has a market capitalization of $756.66 million, a PE ratio of 45.16 and a beta of 0.86. The firm has a 50-day moving average of $27.20 and a 200-day moving average of $21.40. NN has a 1-year low of $12.77 and a 1-year high of $31.65.

NN (NASDAQ:NNBR) last issued its earnings results on Thursday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.05. NN had a positive return on equity of 11.50% and a negative net margin of 2.73%. The firm had revenue of $226.31 million for the quarter, compared to analysts’ expectations of $215.86 million. Equities analysts expect that NN will post $1.83 earnings per share for the current fiscal year.

Dividend History for NN (NASDAQ:NNBR)

Institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of NN by 23.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 133,392 shares of the industrial products company’s stock worth $3,362,000 after buying an additional 25,011 shares during the period. Geode Capital Management LLC boosted its position in shares of NN by 8.1% in the first quarter. Geode Capital Management LLC now owns 217,710 shares of the industrial products company’s stock worth $5,486,000 after buying an additional 16,404 shares during the period. Vanguard Group Inc. boosted its position in shares of NN by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,081,836 shares of the industrial products company’s stock worth $27,262,000 after buying an additional 77,538 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of NN by 2.6% in the first quarter. Teachers Advisors LLC now owns 48,458 shares of the industrial products company’s stock worth $1,221,000 after buying an additional 1,247 shares during the period. Hedge funds and other institutional investors own 96.99% of the company’s stock.

Separately, Zacks Investment Research upgraded NN from a “sell” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, March 7th.

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NN Company Profile

NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.

12 Month Chart for NASDAQ:NNBR

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