Zacks Investment Research cut shares of NN (NASDAQ:NNBR) from a hold rating to a sell rating in a report issued on Thursday morning. 

According to Zacks, “NN, Inc. is an independent manufacturer and supplier of high quality, precision steel balls and rollers to both domestic and international anti-friction bearing manufacturers. Precision steel balls and rollers are critical moving parts of anti-friction bearings used in a wide variety of automotive, industrial and other applications. NN also manufacturers a full line of precision injection molded components serving the bearing, automotive, instrumentation, fiber optic and consumer hardware markets. (PRESS RELEASE) “

A number of other analysts have also recently issued reports on the company. ValuEngine cut NN from a strong-buy rating to a buy rating in a research report on Friday, December 1st. BidaskClub cut NN from a hold rating to a sell rating in a research report on Friday, January 19th. Finally, Stifel Nicolaus lowered their price objective on NN from $29.00 to $28.00 and set a hold rating on the stock in a research report on Monday, March 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $32.25.

NNBR stock opened at $25.15 on Thursday. NN has a 1-year low of $22.30 and a 1-year high of $32.90. The company has a market capitalization of $693.46, a P/E ratio of 18.77 and a beta of 0.83. The company has a current ratio of 3.16, a quick ratio of 2.72 and a debt-to-equity ratio of 1.80. 

NN (NASDAQ:NNBR) last issued its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). NN had a return on equity of 11.94% and a net margin of 4.87%. The business had revenue of $156.14 million for the quarter, compared to analyst estimates of $154.67 million. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. equities research analysts anticipate that NN will post 1.53 EPS for the current year. 

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, February 15th. NN’s dividend payout ratio is presently 20.90%. 

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of NN by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,319,809 shares of the industrial products company’s stock valued at $67,276,000 after purchasing an additional 12,964 shares during the period. BlackRock Inc. increased its position in shares of NN by 1.4% during the fourth quarter. BlackRock Inc. now owns 1,816,823 shares of the industrial products company’s stock valued at $50,144,000 after purchasing an additional 24,497 shares during the period. Royce & Associates LP increased its position in shares of NN by 5.4% during the fourth quarter. Royce & Associates LP now owns 1,039,893 shares of the industrial products company’s stock valued at $28,701,000 after purchasing an additional 53,509 shares during the period. Elk Creek Partners LLC increased its position in shares of NN by 48.6% during the third quarter. Elk Creek Partners LLC now owns 507,602 shares of the industrial products company’s stock valued at $14,720,000 after purchasing an additional 166,092 shares during the period. Finally, State Street Corp increased its position in shares of NN by 4.8% during the second quarter. State Street Corp now owns 490,158 shares of the industrial products company’s stock valued at $13,454,000 after purchasing an additional 22,530 shares during the period. Institutional investors and hedge funds own 95.81% of the company’s stock.