Hurco Companies, Inc. (HURC)

In January 2026, Hurco Companies' rating was increased to "Hold" by Wall Street Zen, while short interest significantly increased, and the stock crossed below its two hundred-day moving average. In January 2026, the company reported its Q4 2025 earnings with a loss per share and quarterly revenue, and for the full fiscal year 2024, Hurco reported a net loss due to a downturn in the machine tool market. In December 2025, Hurco announced an executive chair transition. In September 2025, Hurco reported third-quarter results for fiscal year 2025. In July 2025, several insiders purchased shares. In June 2025, Hurco reported second-quarter results for fiscal year 2025, with a net loss on sales and service fees. In March 2025, Hurco Companies, Inc. reported increased sales but a wider net loss in its Q1 fiscal 2025 results, with a decline in order volume.

The machine tool market, in which Hurco operates, is cyclical, and the company is often the first to experience changes in demand. Recent reports indicate softened demand in the U.S. and Europe, contributing to decreased order volumes. However, the Asia Pacific region has shown some increased customer demand, particularly in China. The company's financial performance in fiscal year 2024 and Q1 2025 reflects a challenging period with declining sales and orders, suggesting a downturn in the demand cycle.

Hurco Companies, Inc. is a global industrial technology company that specializes in CNC machine tools and control systems for the metal cutting and forming industry. Their product portfolio includes CNC machining centers, such as VMCs, HMCs, and turning centers, sold under the Hurco, Milltronics, and Takumi brands. Hurco develops proprietary control software like WinMax and ULTI-MAX and offers collaborative robotic solutions through its ProCobots automation division, as well as machine tool components and accessories through its LCM subsidiary. The company serves diverse industrial markets, including aerospace, automotive, medical, energy, defense, transportation, and consumer products.

Hurco Companies, Inc. has executive offices and principal design and engineering operations in Indianapolis, Indiana, USA. The company has manufacturing and assembly operations in Taiwan, the USA, Italy, and China. Hurco sells its products through a worldwide network of direct and indirect sales forces, sales and service subsidiaries, and independent distributors across North America, Europe, Asia, and Latin America. It has sales, application engineering support, and service subsidiaries in Canada, China, England, France, Germany, India, Italy, Poland, Singapore, and the United States of America.

Hurco is known for increasing machine-shop efficiency and lowering the total cost of ownership through innovation and user-friendly controls. The company's reputation has been affected by challenges in the machine tool market, leading to declining sales and net losses. Despite financial setbacks, the company focuses on technological innovation and order growth, indicating a commitment to maintaining its competitive edge.

Institutional investors hold a significant portion of Hurco Companies' stock, owning 74.36% of the shares. Major institutional shareholders include Ameriprise Financial Inc., Pacific Ridge Capital Partners LLC, Geode Capital Management LLC, Kennedy Capital Management LLC, Diamond Hill Capital Management Inc., George Kaiser Family Foundation, and Bank of New York Mellon Corp. In the last 24 months, institutional investors have collectively purchased shares. Individual investors and insiders hold 9.92% of the shares.