NN, Inc. (NASDAQ:NNBR)‘s stock had its “market perform” rating restated by research analysts at William Blair in a research note issued on Thursday.

Several other brokerages have also weighed in on NNBR. ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of NN from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet upgraded shares of NN from a “c+” rating to a “b” rating in a report on Monday, June 5th. BidaskClub lowered shares of NN from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, SunTrust Banks, Inc. began coverage on shares of NN in a report on Thursday, June 15th. They set a “buy” rating and a $37.00 price objective on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. NN presently has a consensus rating of “Hold” and a consensus price target of $30.25.

Shares of NN (NNBR) traded down 0.20% during midday trading on Thursday, hitting $25.20. 23,138 shares of the company’s stock were exchanged. The firm’s market cap is $694.01 million. The stock’s 50-day moving average price is $27.32 and its 200 day moving average price is $26.03. NN has a one year low of $13.43 and a one year high of $31.65.

NN (NASDAQ:NNBR) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The company had revenue of $225.88 million for the quarter, compared to analyst estimates of $221 million. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Equities research analysts forecast that NN will post $1.62 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of NN by 39.6% in the first quarter. Prudential Financial Inc. now owns 28,905 shares of the industrial products company’s stock valued at $728,000 after buying an additional 8,200 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of NN by 2.8% in the first quarter. JPMorgan Chase & Co. now owns 62,024 shares of the industrial products company’s stock valued at $1,563,000 after buying an additional 1,679 shares during the last quarter. Nordea Investment Management AB raised its position in shares of NN by 25.4% in the first quarter. Nordea Investment Management AB now owns 78,110 shares of the industrial products company’s stock valued at $1,968,000 after buying an additional 15,805 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock valued at $143,000 after buying an additional 530 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of NN by 22.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 280,502 shares of the industrial products company’s stock valued at $7,069,000 after buying an additional 50,514 shares during the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.

NN Company Profile

NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.

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