Fmr LLC Increases Stake in Hurco Companies, Inc. (HURC)
Fmr LLC grew its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 659,299 shares of the scientific and technical instruments company’s stock after purchasing an additional 48,980 shares during the period. Fmr LLC owned approximately 9.95% of Hurco Companies worth $22,911,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio raised its holdings in shares of Hurco Companies by 6.5% during the second quarter. Strs Ohio now owns 9,900 shares of the scientific and technical instruments company’s stock valued at $344,000 after purchasing an additional 600 shares during the period. Royce & Associates LP raised its holdings in shares of Hurco Companies by 0.7% during the second quarter. Royce & Associates LP now owns 986,691 shares of the scientific and technical instruments company’s stock valued at $34,288,000 after purchasing an additional 7,300 shares during the period. AlphaOne Investment Services LLC raised 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 valued at $4,394,000 after purchasing an additional 7,866 shares during the period. Federated Investors Inc. PA acquired a new position in shares of Hurco Companies during the second quarter valued at about $292,000. Finally, Algert Global LLC acquired a new position in shares of Hurco Companies during the second quarter valued at about $429,000. Hedge funds and other institutional investors own 76.67% of the company’s stock.
Separately, ValuEngine lowered shares of Hurco Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
Shares of Hurco Companies, Inc. (NASDAQ:HURC) opened at 45.75 on Tuesday. The company has a 50 day moving average of $40.75 and a 200-day moving average of $34.22. The firm has a market cap of $303.05 million, a price-to-earnings ratio of 26.91 and a beta of 0.51. Hurco Companies, Inc. has a 12-month low of $24.80 and a 12-month high of $46.00.
Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, September 8th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter. The firm had revenue of $60.77 million for the quarter. Hurco Companies had a net margin of 4.88% and a return on equity of 6.00%. Analysts predict that Hurco Companies, Inc. will post $2.11 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 9th. Stockholders of record on Monday, September 25th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, September 22nd. Hurco Companies’s payout ratio is 23.53%.
In related news, President Gregory S. Volovic sold 10,000 shares of Hurco Companies stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $39.16, for a total transaction of $391,600.00. Following the completion of the transaction, the president now directly owns 34,183 shares of the company’s stock, valued at approximately $1,338,606.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert W. Cruickshank sold 3,000 shares of Hurco Companies stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $39.03, for a total transaction of $117,090.00. Following the transaction, the director now directly owns 37,396 shares of the company’s stock, valued at $1,459,565.88. The disclosure for this sale can be found here. Insiders have sold a total of 31,000 shares of company stock worth $1,241,780 in the last ninety days. Insiders own 8.30% of the company’s stock.
Hurco Companies Company Profile
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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