Hurco Companies, Inc. (HURC) Director Robert W. Cruickshank Sells 1,000 Shares
Hurco Companies, Inc. (NASDAQ:HURC) Director Robert W. Cruickshank sold 1,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Hurco Companies, Inc. (HURC) traded up 1.47% during trading on Monday, hitting $45.00. The stock had a trading volume of 33,745 shares. Hurco Companies, Inc. has a 52-week low of $24.80 and a 52-week high of $45.35. The company has a 50-day moving average price of $39.11 and a 200-day moving average price of $33.58. The company has a market cap of $298.08 million, a price-to-earnings ratio of 26.47 and a beta of 0.51.
Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, September 8th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter. The company had revenue of $60.77 million during the quarter. Hurco Companies had a net margin of 4.88% and a return on equity of 6.00%. Equities research analysts forecast that Hurco Companies, Inc. will post $2.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 9th. Investors of record on Monday, September 25th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, September 22nd. Hurco Companies’s dividend payout ratio is currently 23.53%.
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Separately, ValuEngine lowered Hurco Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
Institutional investors have recently modified their holdings of the stock. Strs Ohio boosted its holdings in Hurco Companies by 6.5% in the 2nd quarter. Strs Ohio now owns 9,900 shares of the scientific and technical instruments company’s stock worth $344,000 after buying an additional 600 shares during the period. Royce & Associates LP boosted its holdings in Hurco Companies by 0.7% in the 2nd quarter. Royce & Associates LP now owns 986,691 shares of the scientific and technical instruments company’s stock worth $34,288,000 after buying an additional 7,300 shares during the period. AlphaOne Investment Services LLC boosted its holdings in Hurco Companies by 6.6% in the 2nd quarter. AlphaOne Investment Services LLC now owns 126,451 shares of the scientific and technical instruments company’s stock worth $4,394,000 after buying an additional 7,866 shares during the period. Federated Investors Inc. PA bought a new position in Hurco Companies in the 2nd quarter worth $292,000. Finally, Algert Global LLC bought a new position in Hurco Companies in the 2nd quarter worth $429,000. 76.27% of the stock is owned by institutional investors.
Hurco Companies Company Profile
Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.
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