BidaskClub lowered shares of NN (NASDAQ:NNBR) from a sell rating to a strong sell rating in a report released on Thursday morning.

A number of other equities analysts have also recently weighed in on NNBR. Zacks Investment Research cut shares of NN from a hold rating to a sell rating in a research report on Tuesday. Stifel Nicolaus reissued a hold rating and set a $23.00 price target (down from $26.00) on shares of NN in a research report on Monday. ValuEngine cut shares of NN from a sell rating to a strong sell rating in a research report on Wednesday, June 27th. SunTrust Banks reissued a buy rating and set a $33.00 price target on shares of NN in a research report on Sunday, August 12th. Finally, KeyCorp reduced their price target on shares of NN from $36.00 to $28.00 and set an overweight rating on the stock in a research report on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. NN has an average rating of Hold and an average price target of $27.50.

NNBR stock traded up $0.15 during midday trading on Thursday, reaching $18.80. The company’s stock had a trading volume of 860 shares, compared to its average volume of 153,421. NN has a 52 week low of $18.05 and a 52 week high of $32.90. The stock has a market cap of $546.27 million, a PE ratio of 12.10 and a beta of 1.02. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.78 and a current ratio of 2.62.

NN (NASDAQ:NNBR) last announced its quarterly earnings results on Thursday, August 9th. The industrial products company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $196.30 million for the quarter, compared to analysts’ expectations of $197.21 million. NN had a net margin of 3.05% and a return on equity of 7.64%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. sell-side analysts predict that NN will post 1.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Monday, September 3rd will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.49%. NN’s payout ratio is 18.06%.

Several large investors have recently modified their holdings of NNBR. Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of NN during the second quarter worth $8,024,000. Wells Fargo & Company MN raised its holdings in shares of NN by 1,725.7% during the first quarter. Wells Fargo & Company MN now owns 391,329 shares of the industrial products company’s stock worth $9,391,000 after acquiring an additional 369,895 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of NN by 17.3% during the first quarter. Nuveen Asset Management LLC now owns 1,420,015 shares of the industrial products company’s stock worth $34,080,000 after acquiring an additional 209,232 shares during the period. Royce & Associates LP raised its holdings in shares of NN by 15.4% during the second quarter. Royce & Associates LP now owns 1,306,149 shares of the industrial products company’s stock worth $24,686,000 after acquiring an additional 174,756 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of NN during the first quarter worth $3,624,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

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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