NN, Inc. (NASDAQ:NNBR) has been given an average rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $32.00.

A number of research analysts have issued reports on the stock. William Blair restated a “market perform” rating on shares of NN in a research report on Tuesday, July 11th. ValuEngine raised shares of NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of NN from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet raised shares of NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. Finally, BidaskClub downgraded shares of NN from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.

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A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of NN by 0.6% in the second 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. Wells Fargo & Company MN increased its position in shares of NN by 0.7% in the first quarter. Wells Fargo & Company MN now owns 25,214 shares of the industrial products company’s stock valued at $635,000 after buying an additional 176 shares during the last quarter. US Bancorp DE increased its position in shares of NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock valued at $265,000 after buying an additional 457 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock valued at $143,000 after buying an additional 530 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of NN by 1.5% in the second 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. 91.12% of the stock is owned by institutional investors and hedge funds.

NN (NNBR) traded down 0.421% during trading on Wednesday, hitting $24.825. The stock had a trading volume of 10,164 shares. NN has a 52 week low of $13.43 and a 52 week high of $31.65. The company’s market cap is $683.68 million. The stock has a 50-day moving average price of $27.32 and a 200-day moving average price of $26.03.

NN (NASDAQ:NNBR) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The firm had revenue of $225.88 million for the quarter, compared to analyst estimates of $221 million. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that NN will post $1.62 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, August 30th. NN’s dividend payout ratio (DPR) is presently -116.67%.

NN Company Profile

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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