NN, Inc. (NASDAQ:NNBR) – Investment analysts at William Blair upped their Q2 2017 earnings estimates for NN in a report released on Tuesday. William Blair analyst N. Heymann now forecasts that the industrial products company will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.48. William Blair currently has a “Market Perform” rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of NN from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet upgraded shares of NN from a “c+” rating to a “b” rating in a research report on Monday, June 5th. SunTrust Banks, Inc. began coverage on shares of NN in a research report on Thursday, June 15th. They set a “buy” rating and a $37.00 target price for the company. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.67.

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Shares of NN (NNBR) opened at 29.20 on Thursday. The stock has a market cap of $801.98 million, a PE ratio of 47.87 and a beta of 0.63. The company’s 50-day moving average is $28.30 and its 200 day moving average is $23.72. NN has a 52 week low of $13.43 and a 52 week high of $31.65.

NN (NASDAQ:NNBR) last announced its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. NN had a net margin of 2.00% and a return on equity of 14.04%. The company had revenue of $226.31 million during the quarter, compared to analysts’ expectations of $215.86 million.

The business also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.28 dividend on an annualized basis and a yield of 0.96%. NN’s payout ratio is 45.90%.

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock worth $265,000 after buying an additional 457 shares during the last quarter. LSV Asset Management increased its stake in NN by 124.8% in the first quarter. LSV Asset Management now owns 113,102 shares of the industrial products company’s stock worth $2,850,000 after buying an additional 62,800 shares during the last quarter. Wells Fargo & Company MN increased its stake in NN by 0.7% in the first quarter. Wells Fargo & Company MN now owns 25,214 shares of the industrial products company’s stock worth $635,000 after buying an additional 176 shares during the last quarter. First Manhattan Co. increased its stake in NN by 0.5% in the first quarter. First Manhattan Co. now owns 209,600 shares of the industrial products company’s stock worth $3,825,000 after buying an additional 950 shares during the last quarter. Finally, Skylands Capital LLC increased its stake in NN by 4.5% in the first quarter. Skylands Capital LLC now owns 407,436 shares of the industrial products company’s stock worth $10,267,000 after buying an additional 17,536 shares during the last quarter. Hedge funds and other institutional investors own 95.85% of the company’s stock.

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.

Earnings History and Estimates for NN (NASDAQ:NNBR)

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