Hurco Companies Inc
HURC

$18.40

4.25%

Market Cap: $120M

About: Hurco Companies Inc is a United States-based industrial technology company. It designs, manufactures, and sells computerized machine tools, consisting mainly of vertical machining centers and turning centers, to companies in the metal working industry through sales, service and distribution network. The company concentrated on designing user-friendly computer control systems that can be operated by both skilled and unskilled machine tool operators. It generates maximum revenue from the Computerized Machine Tools product. Geographically, It derives a majority of revenue from the United States of America. Its product categories include 5-Axis VMC; 3-Axis VMC; Horizontal MC and Turning Centers.

Employees: 716

Industrials Industrial Instruments for Measurement, Display, and Control

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

6% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 18

5.64% less ownership

Funds ownership: 71.26% [Q1] → 65.62% (-5.64%) [Q2]

7% less funds holding

Funds holding: 56 [Q1] → 52 (-4) [Q2]

30% less capital invested

Capital invested by funds: $93.5M [Q1] → $65.4M (-$28.2M) [Q2]

31% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 13

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Research analyst outlook

We haven’t received any recent analyst ratings for HURC.

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Financial journalist opinion

Based on 5 articles about HURC published over the past 30 days

Zacks Investment Research

HURC Stock Up Despite Y/Y Decline in Q3 Earnings, Gross Margin Down

Hurco's overall topline is dampened by revenue declines in all its geographic regions.

HURC Stock Up Despite Y/Y Decline in Q3 Earnings, Gross Margin Down

With Global Manufacturing Growth Uncertain Hurco Gets A Hold Rating

Hurco is rated as a HOLD due to current economic factors beyond its control affecting business performance. A significant drop in sales in Europe, the U.S., and China, are impacting Hurco's revenues. The company's success is closely tied to the industrial manufacturing sectors in the U.S., Italy, Germany, the U.K., France, India, and China.

With Global Manufacturing Growth Uncertain Hurco Gets A Hold Rating

Hurco and Universal Robots Showcase Integrated Automation Packages at IMTS

Innovative collaboration between Hurco Companies, Inc. and Universal Robots delivers a new turnkey automation system that empowers manufacturers despite a tightening labor market Innovative collaboration between Hurco Companies, Inc. and Universal Robots delivers a new turnkey automation system that empowers manufacturers despite a tightening labor market

Hurco and Universal Robots Showcase Integrated Automation Packages at IMTS

Hurco Reports Third Quarter Results for Fiscal Year 2024

INDIANAPOLIS, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the third fiscal quarter ended July 31, 2024. Hurco recorded a net loss of $9,596,000, or $(1.47) per diluted share, in the third quarter of fiscal year 2024, which included a non-cash tax valuation allowance of $8,158,000 recorded in provision for income taxes. This net loss of $9,596,000 for the third quarter of fiscal 2024 compares to net income of $260,000, or $0.04 per diluted share, for the corresponding period in fiscal year 2023. For the nine months of fiscal year 2024, Hurco reported a net loss of $15,166,000, or $(2.33) per diluted share, compared to net income of $1,967,000, or $0.30 per diluted share, for the corresponding period in fiscal year 2023. The net loss for the nine months of fiscal 2024 also included the $8,158,000 non-cash tax valuation allowance recorded in provision for income taxes.

Hurco Reports Third Quarter Results for Fiscal Year 2024

Hurco's Unique Expertise in Control Technology and Dedication to Product Development to Be on Display at IMTS

Hurco Companies, Inc. will highlight the benefits of the company's relentless focus on control technology and product development at 2024 IMTS Booth #338319 Hurco Companies, Inc. will highlight the benefits of the company's relentless focus on control technology and product development at 2024 IMTS Booth #338319

Hurco's Unique Expertise in Control Technology and Dedication to Product Development to Be on Display at IMTS

Hurco Announces Strategic Collaboration with Kawasaki Robotics to Deliver Turnkey, Industrial-Grade, Robotic Machine-Tending Solutions

Companies will present interactive, no-code, turnkey, robotic machine tending demos in booth #236520 and booth #338319 at the 2024 International Manufacturing Technology Show (IMTS) in Chicago, Illinois (USA)

Hurco Announces Strategic Collaboration with Kawasaki Robotics to Deliver Turnkey, Industrial-Grade, Robotic Machine-Tending Solutions

Zacks Investment Research

Zacks Initiates Coverage of Hurco With Underperform Recommendation

Discover why Zacks rates Hurco as "Underperform", being the first on Wall Street to initiate coverage on the stock. Explore HURC's reduced profitability and operational inefficiencies despite a strong balance sheet and innovation efforts.

Zacks Initiates Coverage of Hurco With Underperform Recommendation

Hurco's stock slides 12.8% after company suspends quarterly dividend payments

Hurco Cos. Inc.'s stock HURC, -0.75% tumbled 12.8% early Friday, after the industrial technology company said it's suspending its quarterly dividend as it works to enhance its financial flexibility. “While it was a difficult decision, we believe that temporarily suspending the quarterly cash dividend on Hurco's common stock will provide near-term benefits to our cash flow management while also allowing us to enhance our balance sheet and more optimally allocate available capital among various strategies,” said Greg Volovic, chief executive of the Indianapolis-based company, in prepared remarks.

Hurco's stock slides 12.8% after company suspends quarterly dividend payments

Hurco Companies, Inc. Announces Suspension of Quarterly Cash Dividend

INDIANAPOLIS, June 14, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq Global Select Market: HURC) (“Hurco” or the “Company”), an international industrial technology company, announced today that its Board of Directors (the “Board”) elected to temporarily suspend the Company's regular quarterly cash dividend on its common stock, effective immediately. The decision comes as the Company seeks to enhance its financial flexibility and improve its ability to manage market volatility while focusing on strengthening its balance sheet, reinvesting in the Company's core business and research and development related to emerging technologies, and returning value to shareholders via the appropriate channels in both the near and long-term.

Hurco Companies, Inc. Announces Suspension of Quarterly Cash Dividend

Zacks Investment Research

Hurco (HURC) Q2 Earnings Decline Y/Y, Gross Margin Contracts

Hurco's (HURC) overall topline is dampened by revenue declines in all its geographic regions.

Hurco (HURC) Q2 Earnings Decline Y/Y, Gross Margin Contracts

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