NN, Inc. (NNBR) Shares Bought by US Bancorp DE

US Bancorp DE increased its position in shares of NN, Inc. (NASDAQ:NNBR) by 4.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,522 shares of the industrial products company’s stock after buying an additional 457 shares during the period. US Bancorp DE’s holdings in NN were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NNBR. Dimensional Fund Advisors LP raised its stake in NN by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,145,398 shares of the industrial products company’s stock worth $40,870,000 after buying an additional 175,151 shares during the period. Royce & Associates LP raised its stake in NN by 1.7% in the fourth quarter. Royce & Associates LP now owns 1,068,784 shares of the industrial products company’s stock worth $20,360,000 after buying an additional 17,700 shares during the period. State Street Corp raised its stake in NN by 5.2% in the fourth quarter. State Street Corp now owns 534,187 shares of the industrial products company’s stock worth $10,174,000 after buying an additional 26,261 shares during the period. Skylands Capital LLC raised its stake in NN by 4.5% in the first quarter. Skylands Capital LLC now owns 407,436 shares of the industrial products company’s stock worth $10,267,000 after buying an additional 17,536 shares during the period. Finally, Norges Bank bought a new stake in NN during the fourth quarter worth $5,388,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for NN (NASDAQ:NNBR)

Shares of NN, Inc. (NNBR) opened at 27.95 on Friday. The stock has a market cap of $767.65 million, a price-to-earnings ratio of 45.82 and a beta of 0.80. The company has a 50-day moving average price of $28.60 and a 200-day moving average price of $22.97. NN, Inc. has a 52 week low of $12.77 and a 52 week high of $31.65.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The firm had revenue of $226.31 million during the quarter, compared to analyst estimates of $215.86 million. NN had a return on equity of 14.04% and a net margin of 2.00%. Equities analysts anticipate that NN, Inc. will post $1.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 31st. NN’s payout ratio is 45.90%.

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NNBR has been the subject of a number of analyst reports. ValuEngine raised NN from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. SunTrust Banks, Inc. initiated coverage on NN in a research note on Thursday. They set a “buy” rating for the company. TheStreet raised NN from a “c+” rating to a “b” rating in a research note on Monday, June 5th. Finally, Zacks Investment Research raised NN from a “sell” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, March 7th. Four analysts have rated the stock with a buy rating, NN currently has a consensus rating of “Buy” and a consensus price target of $27.50.

NN Company Profile

NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NNBR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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