Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company's principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines. It also provides computer control systems and related software for press brake applications. In addition, the company offers machine tool components, automation integration equipment, and solutions for job shops; and software options, control upgrades, and accessories and replacement parts for its products, as well as customer service, training, and applications support services. It serves independent job shops and specialized short-run production applications within large manufacturing operations, as well as precision tool, die, and mold manufacturers in aerospace, defense, medical equipment, energy, automotive/transportation, electronics, and computer industries. The company sells its products under the Hurco, Milltronics, and Takumi brands through independent agents and distributors, as well as through its direct sales and service organizations. Hurco Companies, Inc. was incorporated in 1968 and is headquartered in Indianapolis, Indiana.
Company profile
Ticker
HURC
Exchange
Website
CEO
Mr. Gregory S. Volovic
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
APOGEE ENTERPRISES INC
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)
8-K
Other Events
25 Sep 24
10-Q
2024 Q3
Quarterly report
6 Sep 24
8-K
Hurco Reports Third Quarter Results for Fiscal Year 2024
6 Sep 24
8-K
Hurco Companies, Inc. Announces Suspension of Quarterly Cash Dividend
14 Jun 24
10-Q
2024 Q2
Quarterly report
7 Jun 24
8-K
Hurco Reports Second Quarter Results for Fiscal Year 2024
7 Jun 24
SD
Conflict minerals disclosure
31 May 24
8-K
Hurco Companies, Inc. Announces Quarterly Cash Dividend
15 Mar 24
10-Q
2024 Q1
Quarterly report
8 Mar 24
8-K
Hurco Reports First Quarter Results for Fiscal Year 2024
8 Mar 24
Latest ownership filings
4
Change in insider ownership
9 Oct 24
SC 13G
Oppenheimer & Close, LLC
14 Aug 24
4
Jonathon D. Wright
11 Jul 24
4
HaiQuynh Jamison
11 Jul 24
4
Sonja K McClelland
11 Jul 24
4
Janaki Sivanesan
18 Mar 24
4
Richard R. Porter
18 Mar 24
4
Jay C. Longbottom
18 Mar 24
4
TIMOTHY J GARDNER
18 Mar 24
4
Cynthia S Dubin
18 Mar 24
Financial summary
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Diluted EPS |
Annual (USD) | Oct 23 | Oct 22 | Oct 21 | Oct 20 | |
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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) | 36.05 mm | 36.05 mm | 36.05 mm | 36.05 mm | 36.05 mm | 36.05 mm |
Cash burn (monthly) | 496.00 k | 414.67 k | 865.67 k | 435.58 k | 207.33 k | (no burn) |
Cash used (since last report) | 1.24 mm | 1.04 mm | 2.16 mm | 1.09 mm | 517.50 k | n/a |
Cash remaining | 34.82 mm | 35.02 mm | 33.89 mm | 34.97 mm | 35.54 mm | n/a |
Runway (months of cash) | 70.2 | 84.5 | 39.2 | 80.3 | 171.4 | n/a |
Institutional ownership, Q2 2024
66.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 53 |
Opened positions | 9 |
Closed positions | 13 |
Increased positions | 18 |
Reduced positions | 17 |
13F shares | Current |
---|---|
Total value | 65.21 bn |
Total shares | 4.29 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Polar Asset Management Partners | 831.24 k | $12.68 bn |
Dimensional Fund Advisors | 425.45 k | $6.49 bn |
Oppenheimer & Close | 338.07 k | $5.16 bn |
Brandes Investment Partners | 327.39 k | $5.03 bn |
AMP Ameriprise Financial | 298.55 k | $4.56 bn |
Vanguard | 291.14 k | $4.44 bn |
Meros Investment Management | 267.08 k | $4.08 bn |
Pacific Ridge Capital Partners | 208.09 k | $3.18 bn |
Acuitas Investments | 203.15 k | $3.10 bn |
Invenomic Capital Management | 172.21 k | $2.63 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Oct 24 | Polar Asset Management Partners | Common Stock, no par value | Sell | Dispose S | Yes | No | 21.45 | 20,363 | 436.79 k | 786,580 |
7 Oct 24 | Polar Asset Management Partners | Common Stock, no par value | Sell | Dispose S | Yes | No | 22.5 | 24,300 | 546.75 k | 806,943 |
11 Jul 24 | HaiQuynh Jamison | Common Stock | Buy | Acquire P | No | No | 15.24 | 645 | 9.83 k | 5,195 |
11 Jul 24 | Jonathon D. Wright | Common Stock | Buy | Acquire P | No | No | 15.19 | 320 | 4.86 k | 5,441 |
9 Jul 24 | McClelland Sonja K | Common Stock | Buy | Acquire P | No | No | 15.32 | 1,950 | 29.87 k | 81,266 |
14 Mar 24 | Richard R. Porter | Common Stock | Grant | Acquire A | No | No | 0 | 3,813 | 0.00 | 14,386 |
Press releases
Hurco's AI Innovations Set to Revolutionize the Industry, Ushering in a New Era of Speed and Precision
11 Oct 24
Hurco Celebrates Successful IMTS as Show Generates Excitement Over Technological Advancements
27 Sep 24
Hurco and Universal Robots Showcase Integrated Automation Packages at IMTS
6 Sep 24
Hurco Reports Third Quarter Results for Fiscal Year 2024
6 Sep 24
Hurco's Unique Expertise in Control Technology and Dedication to Product Development to Be on Display at IMTS
23 Aug 24