Hurco Companies, Inc. is an international, industrial technology company that sells its three brands of computer numeric control ('CNC') machine tools to the worldwide metal cutting and metal forming industry. Two of the Company's brands of machine tools, Hurco and Milltronics, are equipped with interactive controls that include software that is proprietary to each respective brand. The Company designs these controls and develops the software. The third brand of CNC machine tools, Takumi, is equipped with industrial controls that are produced by third parties, which allows the customer to decide the type of control added to the Takumi CNC machine tool. The Company also produces high-value machine tool components and accessories and provides automation solutions that can be integrated with any machine tool. The end markets for the Company's products are independent job shops, short-run manufacturing operations within large corporations, and manufacturers with production-oriented operations. The Company's customers manufacture precision parts, tools, dies, and/or molds for industries such as aerospace, defense, medical equipment, energy, transportation, and computer equipment. The Company is based in Indianapolis, Indiana, with manufacturing operations in Taiwan, Italy, the U.S., and China, and sells its products through direct and indirect sales forces throughout the Americas, Europe, and Asia. The Company has sales, application engineering support and service subsidiaries in China, England, France, Germany, India, Italy, the Netherlands, Poland, Singapore, the U.S., and Taiwan.

Company profile
Ticker
HURC
Exchange
Website
CEO
Michael Doar
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Danaher • Fortive • Roper • Ametek • Sensata Technologies Holding • Keysight • MKS Instruments • Cognex • Sypris Solutions • Mesa Laboratories ...
SEC CIK
Corporate docs
Subsidiaries
Hurco Europe Limited • Hurco GmbH • Hurco India Private, Ltd. • Hurco Manufacturing Limited • Hurco S.a.r.l. • Hurco S.r.l. • Hurco (S.E. Asia) Pte Ltd. • LCM Precision Technology S.r.l. • Machinery Sales Co. • Milltronics USA, Inc. ...
IRS number
351150732
HURC stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
2 Jun 23
8-K
Hurco Reports Second Quarter Results for Fiscal Year 2023
2 Jun 23
SD
Conflict minerals disclosure
31 May 23
10-Q
2023 Q1
Quarterly report
10 Mar 23
8-K
Hurco Reports First Quarter Results for Fiscal Year 2023 and Announces Quartely Cash Dividend
10 Mar 23
ARS
2022 FY
Annual report to shareholders
23 Jan 23
DEF 14A
Definitive proxy
23 Jan 23
10-K
2022 FY
Annual report
6 Jan 23
8-K
Hurco Reports Fourth Quarter and Full Year Results for Fiscal 2022
6 Jan 23
8-K
Hurco Companies, Inc. Announces Quarterly Cash Dividend
15 Nov 22
Latest ownership filings
4
TIMOTHY J GARDNER
13 Mar 23
4
Thomas A. Aaro
13 Mar 23
4
Richard R. Porter
13 Mar 23
4
Jay C. Longbottom
13 Mar 23
4
Cynthia S Dubin
13 Mar 23
4
Janaki Sivanesan
13 Mar 23
SC 13G/A
Polar Asset Management Partners Inc.
13 Feb 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
FMR LLC
9 Feb 23
SC 13G/A
ROYCE & ASSOCIATES LP
23 Jan 23
Financial summary
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Diluted EPS |
Annual (USD) | Oct 22 | Oct 21 | Oct 20 | Oct 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 52.16 mm | 52.16 mm | 52.16 mm | 52.16 mm | 52.16 mm | 52.16 mm |
Cash burn (monthly) | 1.58 mm | 2.49 mm | (no burn) | (no burn) | (no burn) | 1.61 mm |
Cash used (since last report) | 1.97 mm | 3.12 mm | n/a | n/a | n/a | 2.01 mm |
Cash remaining | 50.18 mm | 49.04 mm | n/a | n/a | n/a | 50.14 mm |
Runway (months of cash) | 31.8 | 19.7 | n/a | n/a | n/a | 31.2 |
Institutional ownership, Q1 2023
72.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 57 |
Opened positions | 10 |
Closed positions | 2 |
Increased positions | 22 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 115.65 bn |
Total shares | 4.73 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Royce & Associates | 848.91 k | $21.49 bn |
Polar Asset Management Partners | 831.24 k | $21.05 bn |
Dimensional Fund Advisors | 501.16 k | $12.69 bn |
AMP Ameriprise Financial | 307.62 k | $7.79 bn |
Vanguard | 281.61 k | $7.13 bn |
Meros Investment Management | 186.97 k | $4.73 bn |
Brandes Investment Partners | 181.02 k | $4.58 bn |
Oppenheimer & Close | 172.50 k | $4.37 bn |
Pacific Ridge Capital Partners | 155.08 k | $3.93 bn |
FMR | 141.69 k | $3.59 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Mar 23 | Sivanesan Janaki | Common Stock | Grant | Acquire A | No | No | 0 | 2,871 | 0.00 | 27,858 |
9 Mar 23 | Jay C. Longbottom | Common Stock | Grant | Acquire A | No | No | 0 | 2,871 | 0.00 | 16,601 |
9 Mar 23 | Dubin Cynthia S | Common Stock | Grant | Acquire A | No | No | 0 | 2,871 | 0.00 | 10,826 |
9 Mar 23 | Richard R. Porter | Common Stock | Grant | Acquire A | No | No | 0 | 2,871 | 0.00 | 13,003 |
9 Mar 23 | Timothy J Gardner | Common Stock | Grant | Acquire A | No | No | 0 | 2,871 | 0.00 | 13,993 |
News
Hurco Cos Q2 EPS $0.06 Down From $0.30 YoY, Sales $53.82M Down From $62.83M YoY
2 Jun 23
Stocks That Hit 52-Week Lows On Wednesday
26 Apr 23
Hurco Cos's Ex-Dividend Date Is Friday, Here's What You Need To Know
21 Mar 23
Hurco Companies Q1 EPS $0.20 Down From $0.53 YoY, Sales $54.68M Down From $66.89M YoY
10 Mar 23