Shares of NN, Inc. (NASDAQ:NNBR) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.38.

A number of brokerages recently weighed in on NNBR. Zacks Investment Research raised shares of NN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 15th. BidaskClub raised shares of NN from a “sell” rating to a “hold” rating in a report on Friday, June 7th.

In other NN news, Director David Floyd bought 9,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $8.05 per share, with a total value of $72,450.00. Following the acquisition, the director now owns 23,660 shares of the company’s stock, valued at $190,463. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.48% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in NN by 47.8% during the 3rd quarter. Morgan Stanley now owns 123,548 shares of the industrial products company’s stock worth $1,928,000 after acquiring an additional 39,946 shares during the period. Penn Capital Management Co. Inc. grew its holdings in shares of NN by 3.6% in the 1st quarter. Penn Capital Management Co. Inc. now owns 209,423 shares of the industrial products company’s stock valued at $1,569,000 after buying an additional 7,213 shares during the period. Royce & Associates LP grew its holdings in shares of NN by 42.1% in the 4th quarter. Royce & Associates LP now owns 1,990,495 shares of the industrial products company’s stock valued at $13,356,000 after buying an additional 589,871 shares during the period. BlackRock Inc. grew its holdings in shares of NN by 54.8% in the 4th quarter. BlackRock Inc. now owns 3,014,206 shares of the industrial products company’s stock valued at $20,224,000 after buying an additional 1,067,418 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in shares of NN in the 4th quarter valued at $86,000. 99.35% of the stock is owned by hedge funds and other institutional investors.

Shares of NN stock traded up $0.17 during midday trading on Tuesday, reaching $7.39. The company had a trading volume of 337,582 shares, compared to its average volume of 271,827. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.90 and a quick ratio of 1.12. The firm has a market cap of $313.09 million, a P/E ratio of 6.72 and a beta of 1.41. NN has a 1-year low of $5.55 and a 1-year high of $22.15.

NN (NASDAQ:NNBR) last issued its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $213.26 million during the quarter, compared to analyst estimates of $209.86 million. NN had a negative net margin of 34.01% and a positive return on equity of 7.79%. On average, sell-side analysts expect that NN will post 1.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, June 20th. NN’s dividend payout ratio is currently 23.93%.

About NN

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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Analyst Recommendations for NN (NASDAQ:NNBR)

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