Shares of NN, Inc. (NASDAQ:NNBR) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.60.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of NN in a research note on Monday, January 7th. They issued an “overweight” rating and a $15.00 target price on the stock. KeyCorp lowered their target price on shares of NN from $28.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, November 9th. BidaskClub upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, TheStreet lowered shares of NN from a “c-” rating to a “d+” rating in a research note on Monday, December 3rd.

In other NN news, CEO Richard D. Holder acquired 4,565 shares of NN stock in a transaction dated Friday, December 7th. The stock was bought at an average cost of $6.85 per share, with a total value of $31,270.25. Following the acquisition, the chief executive officer now owns 177,966 shares of the company’s stock, valued at $1,219,067.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas C. Jr. Burwell acquired 7,000 shares of NN stock in a transaction dated Tuesday, December 18th. The shares were acquired at an average cost of $6.13 per share, with a total value of $42,910.00. Following the completion of the acquisition, the insider now directly owns 46,329 shares in the company, valued at approximately $283,996.77. The disclosure for this purchase can be found here. Insiders acquired a total of 20,565 shares of company stock worth $128,420 over the last 90 days. Company insiders own 2.74% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NNBR. Bank of New York Mellon Corp lifted its holdings in NN by 195.2% during the 4th quarter. Bank of New York Mellon Corp now owns 464,152 shares of the industrial products company’s stock valued at $3,114,000 after purchasing an additional 306,934 shares during the last quarter. BlackRock Inc. lifted its holdings in NN by 54.8% during the 4th quarter. BlackRock Inc. now owns 3,014,206 shares of the industrial products company’s stock valued at $20,224,000 after purchasing an additional 1,067,418 shares during the last quarter. Poplar Forest Capital LLC lifted its holdings in NN by 12.5% during the 4th quarter. Poplar Forest Capital LLC now owns 36,000 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 4,000 shares during the last quarter. Jennison Associates LLC lifted its holdings in NN by 2.0% during the 4th quarter. Jennison Associates LLC now owns 3,527,411 shares of the industrial products company’s stock valued at $23,669,000 after purchasing an additional 70,114 shares during the last quarter. Finally, Private Management Group Inc. lifted its holdings in NN by 194.2% during the 4th quarter. Private Management Group Inc. now owns 2,949,556 shares of the industrial products company’s stock valued at $19,792,000 after purchasing an additional 1,946,913 shares during the last quarter. 90.96% of the stock is owned by institutional investors.

Shares of NN stock traded up $0.17 during midday trading on Wednesday, reaching $9.43. 8,364 shares of the company’s stock traded hands, compared to its average volume of 396,660. The company has a market capitalization of $389.88 million, a P/E ratio of 6.08 and a beta of 1.38. The company has a current ratio of 2.36, a quick ratio of 1.53 and a debt-to-equity ratio of 1.32. NN has a 52 week low of $5.55 and a 52 week high of $26.90.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be given a $0.07 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.28 annualized dividend and a yield of 2.97%. NN’s dividend payout ratio is 18.06%.

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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Analyst Recommendations for NN (NASDAQ:NNBR)

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