BlackRock Inc. Raises Holdings in Hurco Companies, Inc. (HURC)

BlackRock Inc. grew its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 9.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 340,445 shares of the scientific and technical instruments company’s stock after purchasing an additional 30,089 shares during the period. BlackRock Inc. owned approximately 0.05% of Hurco Companies worth $15,234,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in Hurco Companies by 17.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 13,300 shares of the scientific and technical instruments company’s stock valued at $611,000 after buying an additional 2,000 shares in the last quarter. Northern Trust Corp raised its holdings in Hurco Companies by 2.4% during the first quarter. Northern Trust Corp now owns 77,318 shares of the scientific and technical instruments company’s stock valued at $3,548,000 after buying an additional 1,778 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Hurco Companies by 141.2% during the first quarter. New York State Common Retirement Fund now owns 17,363 shares of the scientific and technical instruments company’s stock valued at $797,000 after buying an additional 10,163 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hurco Companies by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 564,654 shares of the scientific and technical instruments company’s stock valued at $25,918,000 after buying an additional 5,862 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Hurco Companies by 240.2% during the first quarter. Russell Investments Group Ltd. now owns 2,943 shares of the scientific and technical instruments company’s stock valued at $135,000 after buying an additional 2,078 shares in the last quarter. Institutional investors own 81.56% of the company’s stock.

NASDAQ HURC opened at $39.59 on Tuesday. The stock has a market cap of $268.88 million, a price-to-earnings ratio of 11.91 and a beta of 0.37. Hurco Companies, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $50.50.



Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, September 7th. The scientific and technical instruments company reported $0.95 EPS for the quarter. The business had revenue of $78.75 million for the quarter. Hurco Companies had a return on equity of 10.83% and a net margin of 6.78%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Thursday, September 27th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.11%.

Several research firms have weighed in on HURC. BidaskClub lowered Hurco Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. ValuEngine lowered Hurco Companies from a “hold” rating to a “sell” rating in a report on Saturday.

In other news, CEO Michael Doar sold 4,922 shares of Hurco Companies stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $44.58, for a total value of $219,422.76. Following the transaction, the chief executive officer now directly owns 95,733 shares in the company, valued at $4,267,777.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.90% 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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Institutional Ownership by Quarter for Hurco Companies (NASDAQ:HURC)

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