Hurco Companies IncHURC
HURC
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
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
0.1% more ownership
Funds ownership: 65.57% [Q3] → 65.67% (+0.1%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
6% less funds holding
Funds holding: 52 [Q3] → 49 (-3) [Q4]
8% less capital invested
Capital invested by funds: $90M [Q3] → $82.6M (-$7.41M) [Q4]
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Research analyst outlook
We haven’t received any recent analyst ratings for HURC.
Financial journalist opinion
Negative
Zacks Investment Research
1 month ago
HURC Stock Falls Post Q1 Earnings Decline, Orders Dip Y/Y
Hurco records a wider loss and a sharp decline in orders in first-quarter fiscal 2025, despite a revenue increase driven by growth in the Americas and Asia Pacific.
Negative
Seeking Alpha
1 month ago
Hurco: Another Weak Quarter Continues The Pushout To Recovery
Like the larger machinery capex space, Hurco has struggled to find a cyclical bottom, and the current business environment is a challenging one for its generally smaller clientele. Fiscal Q1 saw a 14% sequential revenue decline, with gross margin contraction and a larger operating loss, and management saw a mix shift toward more value-priced machinery. Orders fell 20% YoY and 22% QoQ, with a book-to-bill ratio of 0.86x, indicating ongoing challenges in the machine tool market that others have echoed to varying degrees.
Neutral
GlobeNewsWire
1 month ago
Hurco Reports First Quarter Results for Fiscal Year 2025
INDIANAPOLIS, March 07, 2025 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the first fiscal quarter ended January 31, 2025. Hurco recorded a net loss of $4,320,000, or $0.67 loss per diluted share, for the first quarter of fiscal year 2025, which included a non-cash tax valuation allowance of $2,385,000 recorded in provision for income taxes, compared to a net loss of $1,648,000, or $0.25 loss per diluted share, for the corresponding period in fiscal year 2024.
Negative
Zacks Investment Research
3 months ago
Hurco Stock Down on Q4 Loss, Revenue and Gross Margins Decline
HURC posts a quarterly loss and revenue dip in fourth-quarter fiscal 2024, with declining margins and weak demand.
Neutral
Seeking Alpha
3 months ago
Hurco Grinding Toward A Recovery, But In Fits And Starts
Hurco faced a challenging 2024 with weak demand among its smaller manufacturing customer base, with higher interest rates and election uncertainties, leading to reduced capital spending. Hurco's exposure to smaller manufacturers and European markets led to a significant peak-to-trough decline, but orders seem to be stabilizing ahead of end-market recoveries around mid-2025. Hurco has leverage to ongoing manufacturing reshoring, and the company's automation tools can help its smaller customers become more productive, but this is not a buy-and-hold idea.
Neutral
GlobeNewsWire
5 months ago
Hurco Poised to Pioneer the Future of Manufacturing
INDIANAPOLIS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC), announced today its vision to drive the future of Autonomous Machining Centers by harnessing the power of AI, mechatronics, motion, and simulation technologies.
Neutral
GlobeNewsWire
6 months ago
Hurco's AI Innovations Set to Revolutionize the Industry, Ushering in a New Era of Speed and Precision
INDIANAPOLIS, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) made waves at the 2024 International Manufacturing Technology Show (IMTS), unveiling cutting-edge technological advancements that mark a turning point in the company's ability to leverage emerging AI technology directly into its core control software. Business owners and operators will be excited to learn that these innovations, born from relentless R&D efforts, position Hurco as a leader in machine tool technology. Visitors to IMTS were given an exclusive preview of the revolutionary AI-driven features that will define Hurco's next-generation control systems, showcasing the company's forward momentum and continued leadership in CNC control technology.
Neutral
GlobeNewsWire
6 months ago
Hurco Celebrates Successful IMTS as Show Generates Excitement Over Technological Advancements
INDIANAPOLIS, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) delivered a standout performance at the 2024 International Manufacturing Technology Show (IMTS) in Chicago, showcasing groundbreaking advancements in CNC technology and control systems. The company's expanded 16,000-square-foot booth attracted an abundance of visitors at a well-attended show, underscoring Hurco's leadership in innovation and ability to meet the evolving needs of manufacturers.
Negative
Zacks Investment Research
7 months ago
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.
Negative
Seeking Alpha
7 months ago
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.
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