Hurco Companies, Inc. (HURC) Director Robert W. Cruickshank Sells 3,000 Shares of Stock
Hurco Companies, Inc. (NASDAQ:HURC) Director Robert W. Cruickshank sold 3,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $39.03, for a total value of $117,090.00. Following the transaction, the director now directly owns 37,396 shares in the company, valued at approximately $1,459,565.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hurco Companies, Inc. (NASDAQ:HURC) traded up 0.76% during trading on Friday, reaching $39.70. The company’s stock had a trading volume of 32,764 shares. The company has a 50 day moving average price of $35.00 and a 200-day moving average price of $31.87. The company has a market capitalization of $262.97 million, a PE ratio of 23.35 and a beta of 0.50. Hurco Companies, Inc. has a 52 week low of $24.80 and a 52 week high of $40.20.
Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, September 8th. The scientific and technical instruments company reported $0.58 EPS for the quarter. The firm had revenue of $60.77 million for the quarter. Hurco Companies had a return on equity of 6.00% and a net margin of 4.88%. Equities research analysts anticipate that Hurco Companies, Inc. will post $2.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 9th. Shareholders of record on Monday, September 25th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, September 22nd. Hurco Companies’s dividend payout ratio (DPR) is presently 23.53%.
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Several hedge funds have recently bought and sold shares of HURC. FMR LLC boosted its holdings in shares of Hurco Companies by 8.0% during the second quarter. FMR LLC now owns 659,299 shares of the scientific and technical instruments company’s stock worth $22,911,000 after purchasing an additional 48,980 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Hurco Companies during the second quarter worth $429,000. State Street Corp boosted its holdings in shares of Hurco Companies by 8.6% during the second quarter. State Street Corp now owns 112,081 shares of the scientific and technical instruments company’s stock worth $3,896,000 after purchasing an additional 8,856 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in shares of Hurco Companies during the second quarter worth $292,000. Finally, AlphaOne Investment Services LLC boosted its holdings in shares of Hurco Companies by 6.6% during the second quarter. AlphaOne Investment Services LLC now owns 126,451 shares of the scientific and technical instruments company’s stock worth $4,394,000 after purchasing an additional 7,866 shares during the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.
Separately, ValuEngine raised Hurco Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
About Hurco Companies
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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