BidaskClub lowered shares of NN (NASDAQ:NNBR) from a hold rating to a sell rating in a research report released on Tuesday.

A number of other brokerages have also commented on NNBR. KeyCorp reaffirmed a buy rating and set a $36.00 price objective on shares of NN in a research report on Friday, October 20th. Zacks Investment Research raised shares of NN from a sell rating to a hold rating in a research note on Thursday, November 30th. ValuEngine cut shares of NN from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Finally, William Blair reissued a market perform rating on shares of NN in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $33.00.

Shares of NN (NASDAQ NNBR) traded up $0.50 on Tuesday, hitting $27.50. 200,180 shares of the stock were exchanged, compared to its average volume of 104,981. The firm has a market capitalization of $772.31, a price-to-earnings ratio of 16.67 and a beta of 0.63. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.16 and a quick ratio of 2.72. NN has a 1-year low of $17.70 and a 1-year high of $32.90.

NN (NASDAQ:NNBR) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The business had revenue of $148.16 million during the quarter, compared to analyst estimates of $150.50 million. NN had a negative net margin of 1.76% and a positive return on equity of 12.72%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. equities research analysts predict that NN will post 1.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.02%. NN’s payout ratio is currently -30.77%.

In other NN news, insider Thomas C. Jr. Burwell sold 6,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $27.38, for a total transaction of $164,280.00. Following the sale, the insider now directly owns 37,881 shares of the company’s stock, valued at $1,037,181.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Floyd acquired 1,865 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of $26.98 per share, for a total transaction of $50,317.70. The disclosure for this purchase can be found here. In the last three months, insiders sold 11,000 shares of company stock worth $311,620. 2.80% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in NN by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 21,090 shares of the industrial products company’s stock worth $579,000 after buying an additional 126 shares during the last quarter. Teachers Advisors LLC grew its stake in NN by 1.5% during the second quarter. Teachers Advisors LLC now owns 49,164 shares of the industrial products company’s stock worth $1,350,000 after buying an additional 706 shares during the last quarter. AlphaOne Investment Services LLC grew its stake in NN by 1.1% during the second quarter. AlphaOne Investment Services LLC now owns 132,642 shares of the industrial products company’s stock worth $3,642,000 after buying an additional 1,400 shares during the last quarter. California Public Employees Retirement System grew its stake in NN by 2.2% during the second quarter. California Public Employees Retirement System now owns 82,800 shares of the industrial products company’s stock worth $2,273,000 after buying an additional 1,800 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in NN by 20.0% during the second quarter. Voya Investment Management LLC now owns 12,222 shares of the industrial products company’s stock worth $335,000 after buying an additional 2,037 shares during the last quarter. 93.63% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/nn-nnbr-cut-to-sell-at-bidaskclub/1768293.html.

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.

Analyst Recommendations for NN (NASDAQ:NNBR)

Receive News & Ratings for NN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN and related companies with MarketBeat.com's FREE daily email newsletter.