NN, Inc. (NNBR) Stake Increased by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP grew its holdings in NN, Inc. (NASDAQ:NNBR) by 11.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,593,354 shares of the industrial products company’s stock after acquiring an additional 261,457 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of NN worth $17,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. lifted its position in shares of NN by 35.0% in the fourth quarter. Citigroup Inc. now owns 9,947 shares of the industrial products company’s stock valued at $67,000 after buying an additional 2,577 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of NN during the third quarter worth approximately $102,000. PNC Financial Services Group Inc. increased its stake in shares of NN by 11,750.0% during the third quarter. PNC Financial Services Group Inc. now owns 7,584 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 7,520 shares during the period. Poplar Forest Capital LLC increased its stake in shares of NN by 12.5% during the fourth quarter. Poplar Forest Capital LLC now owns 36,000 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 4,000 shares during the period. Finally, MetLife Investment Advisors LLC increased its stake in shares of NN by 58.1% during the third quarter. MetLife Investment Advisors LLC now owns 20,077 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 7,381 shares during the period.

Shares of NASDAQ NNBR opened at $9.81 on Tuesday. The company has a market cap of $378.34 million, a PE ratio of 8.38 and a beta of 1.34. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.20 and a current ratio of 2.05. NN, Inc. has a 1-year low of $5.55 and a 1-year high of $23.60.

NN (NASDAQ:NNBR) last announced its earnings results on Wednesday, March 13th. The industrial products company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.05). The firm had revenue of $199.48 million for the quarter, compared to the consensus estimate of $203.05 million. NN had a positive return on equity of 7.48% and a negative net margin of 34.32%. Equities research analysts predict that NN, Inc. will post 1.15 earnings per share for the current year.

A number of equities analysts have recently weighed in on NNBR shares. BidaskClub upgraded NN from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Zacks Investment Research upgraded NN from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. Robert W. Baird lowered their target price on NN from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. started coverage on NN in a research note on Monday, January 7th. They set an “overweight” rating and a $15.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. NN has an average rating of “Hold” and a consensus target price of $20.17.

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NN Profile

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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Want to see what other hedge funds are holding NNBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NN, Inc. (NASDAQ:NNBR).

Institutional Ownership by Quarter for NN (NASDAQ:NNBR)

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