Steven T. Warshaw Sells 2,000 Shares of NN, Inc. (NNBR) Stock
NN, Inc. (NASDAQ:NNBR) Director Steven T. Warshaw sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $26.82, for a total value of $53,640.00. Following the completion of the transaction, the director now owns 58,732 shares in the company, valued at approximately $1,575,192.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of NN, Inc. (NNBR) traded up 3.35% during midday trading on Friday, reaching $27.80. The company’s stock had a trading volume of 252,597 shares. The firm’s market cap is $765.61 million. The company has a 50-day moving average price of $26.01 and a 200-day moving average price of $26.61. NN, Inc. has a 12 month low of $13.43 and a 12 month high of $31.65.
NN (NASDAQ:NNBR) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $225.88 million for the quarter, compared to analyst estimates of $221.00 million. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. Equities analysts expect that NN, Inc. will post $1.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, August 30th. NN’s dividend payout ratio (DPR) is -116.67%.
WARNING: “Steven T. Warshaw Sells 2,000 Shares of NN, Inc. (NNBR) Stock” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.dailypolitical.com/2017/09/17/steven-t-warshaw-sells-2000-shares-of-nn-inc-nnbr-stock.html.
Several large investors have recently bought and sold shares of NNBR. Teachers Advisors LLC boosted its stake in shares of NN by 13.5% during the 4th quarter. Teachers Advisors LLC now owns 47,211 shares of the industrial products company’s stock worth $899,000 after acquiring an additional 5,604 shares during the period. Bank of Montreal Can bought a new position in shares of NN during the 1st quarter worth approximately $162,000. Wells Fargo & Company MN boosted its stake in shares of NN by 0.7% during the 1st quarter. Wells Fargo & Company MN now owns 25,214 shares of the industrial products company’s stock worth $635,000 after acquiring an additional 176 shares during the period. LSV Asset Management boosted its stake in shares of NN by 124.8% during the 1st quarter. LSV Asset Management now owns 113,102 shares of the industrial products company’s stock worth $2,850,000 after acquiring an additional 62,800 shares during the period. Finally, US Bancorp DE boosted its stake in shares of NN by 4.5% during the 1st quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 457 shares during the period. 91.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on NNBR shares. SunTrust Banks, Inc. started coverage on NN in a report on Thursday, June 15th. They issued a “buy” rating and a $37.00 target price on the stock. They noted that the move was a valuation call. Zacks Investment Research cut NN from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub cut NN from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. William Blair reissued a “market perform” rating on shares of NN in a research note on Thursday, August 31st. Finally, ValuEngine raised 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 given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.25.
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.
Receive News & Ratings for NN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.