NN, Inc. (NASDAQ:NNBR) has received an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $33.00.

Several equities analysts have commented on NNBR shares. William Blair reissued a “market perform” rating on shares of NN in a research report on Thursday, August 31st. Zacks Investment Research lowered NN from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub lowered NN from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. KeyCorp reissued a “buy” rating and set a $36.00 price objective on shares of NN in a research report on Sunday, September 17th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $29.00 price objective on shares of NN in a research report on Friday, August 4th.

NN (NASDAQ NNBR) traded up 0.98% during mid-day trading on Thursday, hitting $30.85. 30,495 shares of the stock traded hands. NN has a 1-year low of $13.43 and a 1-year high of $31.65. The company has a 50-day moving average of $28.04 and a 200 day moving average of $27.63. The firm’s market capitalization is $849.61 million.

NN (NASDAQ:NNBR) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. The company had revenue of $225.88 million during the quarter, compared to analyst estimates of $221.00 million. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that NN will post $1.60 EPS for the current year.

In other news, Director Steven T. Warshaw sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $27.78, for a total transaction of $83,340.00. Following the completion of the transaction, the director now directly owns 57,732 shares in the company, valued at $1,603,794.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven T. Warshaw sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $26.82, for a total value of $53,640.00. Following the transaction, the director now owns 58,732 shares of the company’s stock, valued at $1,575,192.24. The disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock valued at $436,660 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of NN by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,306,845 shares of the industrial products company’s stock valued at $63,323,000 after acquiring an additional 18,750 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of NN by 3.2% during the second quarter. Royal Bank of Canada now owns 2,211,167 shares of the industrial products company’s stock valued at $60,698,000 after acquiring an additional 69,123 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of NN by 31.2% during the first quarter. Nuveen Asset Management LLC now owns 1,176,352 shares of the industrial products company’s stock valued at $29,644,000 after acquiring an additional 279,795 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NN by 5.0% during the second quarter. Vanguard Group Inc. now owns 1,135,524 shares of the industrial products company’s stock valued at $31,171,000 after acquiring an additional 53,688 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of NN by 4.8% during the second quarter. State Street Corp now owns 490,158 shares of the industrial products company’s stock valued at $13,454,000 after acquiring an additional 22,530 shares in the last quarter. Hedge funds and other institutional investors own 91.27% of the company’s stock.

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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.

Analyst Recommendations for NN (NASDAQ:NNBR)

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