NN, Inc. (NASDAQ:NNBR)‘s stock had its “buy” rating reissued by equities researchers at KeyCorp in a note issued to investors on Friday. They currently have a $36.00 price objective on the industrial products company’s stock. KeyCorp’s target price would suggest a potential upside of 16.88% from the stock’s current price.

Several other analysts have also weighed in on the stock. William Blair reiterated a “market perform” rating on shares of NN in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of NN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $29.00 target price on shares of NN in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of NN from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. NN currently has an average rating of “Hold” and a consensus price target of $33.00.

Shares of NN (NASDAQ:NNBR) opened at 30.80 on Friday. NN has a 52 week low of $13.43 and a 52 week high of $31.65. The firm’s market cap is $848.23 million. The stock has a 50 day moving average of $28.20 and a 200-day moving average of $27.66.

NN (NASDAQ:NNBR) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The business had revenue of $225.88 million for the quarter, compared to analyst estimates of $221.00 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that NN will post $1.60 earnings per share for the current year.

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In other NN news, Director Steven T. Warshaw sold 2,000 shares of the business’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 directly owns 58,732 shares of the company’s stock, valued at $1,575,192.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven T. Warshaw sold 5,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $27.08, for a total transaction of $135,400.00. Following the completion of the transaction, the director now directly owns 58,732 shares of the company’s stock, valued at $1,590,462.56. The disclosure for this sale can be found here. Insiders have sold a total of 16,000 shares of company stock valued at $436,660 over the last three months. 2.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in shares of NN by 0.6% in 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. Wells Fargo & Company MN raised its stake in shares of NN by 0.7% in the first 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 last quarter. Envestnet Asset Management Inc. raised its stake in shares of NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 530 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of NN by 1.5% in 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. Finally, American International Group Inc. raised its stake in shares of NN by 7.1% in the first quarter. American International Group Inc. now owns 16,153 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 1,064 shares during the last quarter. 91.27% of the stock is owned by institutional investors.

About NN

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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