BidaskClub upgraded shares of Hurco Companies (NASDAQ:HURC) from a strong sell rating to a sell rating in a research note published on Monday.
Separately, ValuEngine downgraded Hurco Companies from a buy rating to a hold rating in a research note on Wednesday, May 2nd.
HURC opened at $45.10 on Monday. The company has a market cap of $311.33 million, a price-to-earnings ratio of 15.50 and a beta of 0.37. Hurco Companies has a 52 week low of $32.75 and a 52 week high of $50.50.
Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, June 8th. The scientific and technical instruments company reported $0.55 EPS for the quarter. The firm had revenue of $70.42 million during the quarter. Hurco Companies had a return on equity of 9.81% and a net margin of 6.27%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, June 28th.
In other Hurco Companies news, Director Andrew Sheeley Niner sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $45.86, for a total transaction of $68,790.00. Following the completion of the sale, the director now directly owns 9,683 shares of the company’s stock, valued at approximately $444,062.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. acquired a new position in Hurco Companies during the 1st quarter worth approximately $2,347,000. Millennium Management LLC increased its position in Hurco Companies by 44.0% during the 1st quarter. Millennium Management LLC now owns 49,967 shares of the scientific and technical instruments company’s stock worth $2,293,000 after purchasing an additional 15,266 shares during the period. Russell Investments Group Ltd. increased its position in Hurco Companies by 240.2% during the 1st quarter. Russell Investments Group Ltd. now owns 2,943 shares of the scientific and technical instruments company’s stock worth $135,000 after purchasing an additional 2,078 shares during the period. Dimensional Fund Advisors LP increased its position in Hurco Companies by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 564,654 shares of the scientific and technical instruments company’s stock worth $25,918,000 after purchasing an additional 5,862 shares during the period. Finally, New York State Common Retirement Fund increased its position in Hurco Companies by 141.2% during the 1st quarter. New York State Common Retirement Fund now owns 17,363 shares of the scientific and technical instruments company’s stock worth $797,000 after purchasing an additional 10,163 shares during the period. Institutional investors own 81.29% of the company’s stock.
Hurco Companies Company Profile
Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools, knee mills, vertical machining centers, tool room bed mills, combination lathes, horizontal machining centers, slant-bed lathes, and bridge mills; and double column vertical machining centers, and high-speed drill and tap machines.
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