ValuEngine downgraded shares of Hurco Companies (NASDAQ:HURC) from a buy rating to a hold rating in a research note published on Friday.

Shares of Hurco Companies (HURC) traded down $1.35 during midday trading on Friday, reaching $43.25. The company’s stock had a trading volume of 16,600 shares, compared to its average volume of 23,101. Hurco Companies has a 1-year low of $26.25 and a 1-year high of $46.75. The company has a market capitalization of $286.50, a price-to-earnings ratio of 25.44 and a beta of 0.52.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, September 8th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter. The business had revenue of $60.77 million during the quarter. Hurco Companies had a return on equity of 6.00% and a net margin of 4.88%.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.92%. Hurco Companies’s dividend payout ratio is currently 23.53%.

In other Hurco Companies news, Director Robert W. Cruickshank sold 1,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Gregory S. Volovic sold 10,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $39.16, for a total value of $391,600.00. Following the sale, the president now owns 34,183 shares in the company, valued at approximately $1,338,606.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,000 shares of company stock worth $1,241,780. Company insiders own 8.30% of the company’s stock.

Several large investors have recently bought and sold shares of HURC. Wells Fargo & Company MN lifted its position in shares of Hurco Companies by 3.8% during the second quarter. Wells Fargo & Company MN now owns 4,161 shares of the scientific and technical instruments company’s stock worth $144,000 after acquiring an additional 152 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Hurco Companies in the second quarter worth $201,000. First Trust Advisors LP purchased a new stake in shares of Hurco Companies in the third quarter worth $202,000. The Manufacturers Life Insurance Company raised its position in shares of Hurco Companies by 12.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,989 shares of the scientific and technical instruments company’s stock worth $207,000 after buying an additional 652 shares in the last quarter. Finally, Numeric Investors LLC purchased a new stake in shares of Hurco Companies in the second quarter worth $222,000. Hedge funds and other institutional investors own 79.17% of the company’s stock.

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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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