NN, Inc. (NASDAQ:NNBR) Director Steven T. Warshaw sold 3,000 shares of NN stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $27.78, for a total transaction of $83,340.00. Following the completion of the sale, the director now owns 57,732 shares of the company’s stock, valued at $1,603,794.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NN, Inc. (NNBR) traded down 0.18% during mid-day trading on Tuesday, hitting $27.70. 145,122 shares of the stock were exchanged. The company’s market capitalization is $762.86 million. The firm has a 50-day moving average price of $26.01 and a 200 day moving average price of $26.74. NN, Inc. has a 12-month low of $13.43 and a 12-month high of $31.65.

NN (NASDAQ:NNBR) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $225.88 million during the quarter, compared to analysts’ expectations of $221.00 million. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, equities research analysts expect that NN, Inc. will post $1.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. NN’s dividend payout ratio is currently -116.67%.

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NNBR has been the subject of a number of analyst reports. SunTrust Banks, Inc. initiated coverage on shares of NN in a research note on Thursday, June 15th. They issued a “buy” rating and a $37.00 target price for the company. They noted that the move was a valuation call. Zacks Investment Research cut shares of NN from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. William Blair reiterated a “market perform” rating on shares of NN in a research note on Thursday, August 31st. BidaskClub cut shares of NN from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. NN currently has an average rating of “Hold” and a consensus price target of $31.40.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of NN by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,306,845 shares of the industrial products company’s stock worth $63,323,000 after acquiring an additional 18,750 shares in the last quarter. Royal Bank of Canada grew its stake in shares of NN by 3.2% during the 2nd quarter. Royal Bank of Canada now owns 2,211,167 shares of the industrial products company’s stock worth $60,698,000 after acquiring an additional 69,123 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of NN by 8.7% during the 1st quarter. Primecap Management Co. CA now owns 1,705,000 shares of the industrial products company’s stock worth $42,966,000 after acquiring an additional 136,500 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of NN by 31.2% during the 1st quarter. Nuveen Asset Management LLC now owns 1,176,352 shares of the industrial products company’s stock worth $29,644,000 after acquiring an additional 279,795 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of NN by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,135,524 shares of the industrial products company’s stock worth $31,171,000 after acquiring an additional 53,688 shares in the last quarter. 91.27% of the stock is owned by institutional investors.

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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