Insider Buying: NN, Inc. (NNBR) Director Purchases 1,865 Shares of Stock
NN, Inc. (NASDAQ:NNBR) Director David Floyd purchased 1,865 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of $26.98 per share, with a total value of $50,317.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NN, Inc. (NNBR) traded down $0.40 during trading on Tuesday, reaching $27.60. The company had a trading volume of 72,812 shares, compared to its average volume of 158,651. The firm has a market capitalization of $772.06, a price-to-earnings ratio of 16.82 and a beta of 0.63. NN, Inc. has a 52-week low of $17.15 and a 52-week high of $32.90. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.16 and a quick ratio of 2.72.
NN (NASDAQ:NNBR) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $148.16 million during the quarter, compared to analyst estimates of $150.50 million. NN had a positive return on equity of 12.72% and a negative net margin of 1.76%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. equities research analysts forecast that NN, Inc. will post 1.58 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the company. ValuEngine cut NN from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised NN from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. KeyCorp reiterated a “buy” rating and issued a $36.00 target price on shares of NN in a research note on Sunday, September 17th. Finally, William Blair reiterated a “market perform” rating on shares of NN in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. NN presently has a consensus rating of “Hold” and a consensus price target of $33.00.
A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in NN by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 21,090 shares of the industrial products company’s stock worth $579,000 after acquiring an additional 126 shares during the last quarter. Teachers Advisors LLC increased its stake in NN by 1.5% during the second quarter. Teachers Advisors LLC now owns 49,164 shares of the industrial products company’s stock worth $1,350,000 after acquiring an additional 706 shares during the last quarter. AlphaOne Investment Services LLC increased its stake in NN by 1.1% during the second quarter. AlphaOne Investment Services LLC now owns 132,642 shares of the industrial products company’s stock worth $3,642,000 after acquiring an additional 1,400 shares during the last quarter. California Public Employees Retirement System increased its stake in NN by 2.2% during the second quarter. California Public Employees Retirement System now owns 82,800 shares of the industrial products company’s stock worth $2,273,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in NN by 20.0% during the second quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 2,037 shares during the last quarter. Institutional investors own 93.63% of the company’s stock.
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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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