NN, Inc. (NASDAQ:NNBR) announced a quarterly dividend on Tuesday, June 11th, NASDAQ reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.07 per share by the industrial products company on Friday, June 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, June 20th.

NN has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect NN to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 18.8%.

Shares of NN stock opened at $7.39 on Friday. The stock has a market capitalization of $305.89 million, a PE ratio of 6.56 and a beta of 1.41. NN has a 52-week low of $5.55 and a 52-week high of $22.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.90 and a quick ratio of 1.12.

NN (NASDAQ:NNBR) last posted its quarterly earnings data on Thursday, May 9th. The industrial products company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. NN had a negative net margin of 34.01% and a positive return on equity of 7.79%. The business had revenue of $213.26 million during the quarter, compared to analysts’ expectations of $209.86 million. As a group, analysts anticipate that NN will post 1.16 earnings per share for the current year.

In other news, Director David Floyd acquired 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $8.05 per share, with a total value of $72,450.00. Following the completion of the transaction, the director now directly owns 23,660 shares of the company’s stock, valued at approximately $190,463. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.48% of the company’s stock.

An institutional investor recently raised its position in NN stock. Geode Capital Management LLC raised its stake in NN, Inc. (NASDAQ:NNBR) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 460,507 shares of the industrial products company’s stock after acquiring an additional 115,157 shares during the quarter. Geode Capital Management LLC owned approximately 1.09% of NN worth $3,090,000 as of its most recent SEC filing. 99.35% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of NN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 15th. BidaskClub raised shares of NN from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Finally, Robert W. Baird cut their price objective on shares of NN from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.38.

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NN Company Profile

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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Dividend History for NN (NASDAQ:NNBR)

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