NN, Inc. (NNBR) Given Average Recommendation of “Hold” by Analysts
Shares of NN, Inc. (NASDAQ:NNBR) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.60.
NNBR has been the topic of a number of analyst reports. TheStreet downgraded shares of NN from a “c-” rating to a “d+” rating in a research report on Monday, December 3rd. BidaskClub raised shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Stifel Nicolaus cut their price objective on shares of NN from $23.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, October 11th. William Blair reaffirmed a “market perform” rating on shares of NN in a research report on Friday, September 28th. Finally, Robert W. Baird initiated coverage on shares of NN in a research report on Monday, October 8th. They issued a “neutral” rating and a $17.00 price objective on the stock.
NASDAQ NNBR opened at $8.45 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.53 and a debt-to-equity ratio of 1.32. The stock has a market cap of $343.57 million, a price-to-earnings ratio of 5.45 and a beta of 1.10. NN has a one year low of $5.55 and a one year high of $29.50.
The business also recently announced a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Monday, December 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, November 30th. NN’s dividend payout ratio (DPR) is presently 18.06%.
In related news, Director Carey A. Smith bought 5,000 shares of the stock in a transaction that occurred on Monday, December 24th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $29,000.00. Following the purchase, the director now directly owns 11,331 shares of the company’s stock, valued at $65,719.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard D. Holder bought 4,565 shares of the stock in a transaction that occurred on Friday, December 7th. The stock was bought at an average price of $6.85 per share, with a total value of $31,270.25. Following the completion of the purchase, the chief executive officer now directly owns 177,966 shares in the company, valued at $1,219,067.10. The disclosure for this purchase can be found here. Insiders purchased a total of 20,565 shares of company stock valued at $128,420 over the last quarter. 2.74% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in NN by 13.8% in the 2nd quarter. Rhumbline Advisers now owns 28,137 shares of the industrial products company’s stock worth $532,000 after purchasing an additional 3,407 shares in the last quarter. Swiss National Bank boosted its stake in NN by 10.3% in the 2nd quarter. Swiss National Bank now owns 50,280 shares of the industrial products company’s stock worth $950,000 after purchasing an additional 4,700 shares in the last quarter. SG Americas Securities LLC acquired a new stake in NN in the 3rd quarter worth approximately $102,000. MetLife Investment Advisors LLC boosted its stake in NN by 58.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 20,077 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 7,381 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in NN by 11,750.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,584 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 7,520 shares in the last quarter. Institutional investors own 92.94% of the company’s stock.
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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