NN, Inc. (NNBR) Plans Quarterly Dividend of $0.07
Resource from: Dakota Financial News Likes:202
Nov 23,2015
NN (NASDAQ:NNBR) declared a quarterly dividend on Friday, November 20th, AnalystRatings.Net reports. Investors of record on Friday, December 4th will be given a dividend of 0.07 per share on Friday, December 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, December 2nd.
Several equities analysts recently issued reports on NNBR shares. Stifel Nicolaus assumed coverage on NN in a research report on Tuesday, August 18th. They set a “buy” rating and a $30.00 price target on the stock. Zacks Investment Research upgraded NN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 10th. TheStreet lowered shares of NN from a “buy” rating to a “hold” rating in a research note on Friday, October 30th. Avondale Partners reissued a “market outperform” rating on shares of NN in a research note on Thursday, October 29th. Finally, William Blair began coverage on shares of NN in a research report on Thursday, September 3rd. They set a “market perform” rating and a $24.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. NN presently has an average rating of “Hold” and an average price target of $29.25.
NN (NASDAQ:NNBR) traded up 0.44% during mid-day trading on Friday, hitting $15.99. 373,153 shares of the stock traded hands. NN has a 12 month low of $12.64 and a 12 month high of $29.91. The stock’s 50 day moving average is $16.23 and its 200-day moving average is $22.55. The company has a market cap of $429.14 million and a price-to-earnings ratio of 16.59.
NN (NASDAQ:NNBR) last issued its earnings results on Wednesday, November 4th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.01. The business had revenue of $154.80 million for the quarter, compared to the consensus estimate of $166.79 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities research analysts anticipate that NN will post $1.25 EPS for the current year.
In other news, Director G Ronald Morris purchased 5,000 shares of the stock in a transaction that occurred on Thursday, November 12th. The stock was acquired at an average cost of $15.19 per share, with a total value of $75,950.00. Following the acquisition, the director now owns 84,400 shares in the company, valued at $1,282,036. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Matthew S. Heiter purchased 1,950 shares of the stock in a transaction that occurred on Thursday, November 12th. The shares were purchased at an average cost of $14.93 per share, with a total value of $29,113.50. Following the completion of the acquisition, the vice president now owns 1,950 shares in the company, valued at approximately $29,113.50. The disclosure for this purchase can be found here.
NN, Inc. is an industrial business and a worldwide maker of metal bearing, plastic, rubber and precision metal components. The organization has the Metal Bearing Parts Segment, three operating segments, the Plastic and Rubber Components Section, and the Autocam Precision Components Section. It has 25 manufacturing plants in the usa, Eastern Europe Western Europe, South America and China. The Metal Bearing Parts segment manufactures and supplies bearing parts, comprising spheres, cylindrical rollers, tapered rollers and metal retainers. The Plastic and Rubber Parts section comprises precision plastic components, plastic retainers and bearing seals. The Autocam Precision Components section sells a variety of engineered, close tolerance, precision-machined alloy components and subassemblies.
(Dakota Financial News)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
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