Hurco Companies, Inc. (HURC)

Over the past six months, Hurco Cos., Inc. (HURC) stock has experienced fluctuations influenced by earnings reports and corporate announcements. The stock price decreased by 9.19% in the past month and 29.28% over the last 12 months. Key events include an Executive Chair Transition announcement on November 18, 2025, and a stock gain following a Q3 earnings report on September 10, 2025, which showed narrower losses. The company reported a net loss of $3.7 million for Q3 fiscal year 2025. An insider purchase was reported on June 25, 2025, and the stock declined following lower Q2 earnings and revenues on June 11, 2025. Hurco reported a Second Quarter Fiscal 2025 net loss of $4.1 million on June 6, 2025. Insiders have engaged in sales, with Polar Asset Management Partners Inc. selling 55,661 shares.

The demand for Hurco Cos., Inc.'s products and services is highly cyclical, characteristic of the capital goods industry. The machine tool market can experience abrupt changes in demand, and manufacturers like Hurco are often the first to feel the effects of changing economic conditions. Recent financial reports indicate challenging conditions, with cautious capital spending and economic uncertainty impacting demand. In Q1 fiscal year 2025, there was softened demand in the U.S. and Europe, leading to a 20% decrease in new orders. Recovery is anticipated in 2026/2027, with potential for double-digit revenue growth.

Hurco Companies, Inc. (HURC) is an international industrial technology company that designs, manufactures, and sells computerized (CNC) machine tools for the metal cutting and metal forming industries. Their core products include general-purpose CNC machine tools like vertical machining centers and turning centers, including sophisticated 5-axis CNC machines and multi-axis CNC lathes. A key differentiator is their proprietary computer control systems and software, such as the WinMax® control system. The company also offers machine tool components, software options, and customer support. Hurco markets its products under the Hurco, Milltronics, and Takumi brands. Additionally, Hurco has an automation division, ProCobots, which specializes in collaborative robotic solutions designed for seamless integration with Hurco CNC machines.

Hurco Companies, Inc. has a global presence with its headquarters in Indianapolis, Indiana, USA. Manufacturing and assembly operations are located in Taiwan, the USA, Italy, and China. The company sells its products through a worldwide network across North America, Europe, and Asia, with sales, application engineering, and service subsidiaries in various countries. International sales accounted for approximately 68% of total sales for the nine months ended July 31, 2024, with Europe and the Americas being significant contributors.

Hurco Companies, Inc. has maintained a strong reputation for innovation and technological advancement, particularly highlighted at IMTS 2024. Hurco showcased a new control system with an ergonomic design and customizable interface, integrated AI tools, and automated machine-tending solutions. The company's booth attracted more visitors compared to IMTS 2022, generating positive feedback for their technological advancements. WinMax® control software and UltiMonitor also received significant updates in fiscal year 2023. No significant negative events impacting Hurco's brand reputation were found.

Hurco Companies (NASDAQ: HURC) is primarily owned by institutional shareholders and insiders. Institutional shareholders own 61.89% of the company, while Hurco Companies insiders own 52.68%. Retail investors hold 0.00% of the company. Polar Asset Management Partners Inc. is the largest individual shareholder, owning 35.20% of the company. Other major institutional owners include Brandes Investment Partners LP, Dimensional Fund Advisors LP, and Oppenheimer Close LLC. Richard T. Niner and Michael Doar are significant insider owners.