A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Sun Hydraulics from a strong-buy rating to a hold rating in a report on Wednesday, May 1st. Robert W. Baird downgraded Sun Hydraulics from an outperform rating to a neutral rating in a report on Wednesday, May 1st. Stifel Nicolaus downgraded Sun Hydraulics from a buy rating to a hold rating and set a $51.00 target price on the stock. in a report on Tuesday, April 16th. ValuEngine raised Sun Hydraulics from a sell rating to a hold rating in a report on Monday, April 1st. Finally, TheStreet upgraded Sun Hydraulics from a c+ rating to a b- rating in a research report on Thursday, March 14th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $50.17.
SNHY stock opened at $48.62 on Friday. Sun Hydraulics has a fifty-two week low of $30.79 and a fifty-two week high of $58.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 2.12. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 21.14 and a beta of 1.75.
Sun Hydraulics (NASDAQ:SNHY) last posted its earnings results on Monday, May 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Sun Hydraulics had a net margin of 9.20% and a return on equity of 11.38%. The firm had revenue of $146.85 million during the quarter, compared to the consensus estimate of $149.30 million. During the same period in the prior year, the company posted $0.46 EPS. The firm’s revenue was up 50.9% compared to the same quarter last year. On average, equities analysts predict that Sun Hydraulics will post 2.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, April 5th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, April 4th. Sun Hydraulics’s payout ratio is 15.65%.
In other Sun Hydraulics news, insider Gary A. Gotting sold 600 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $47.00, for a total value of $28,200.00. Following the completion of the sale, the insider now owns 9,910 shares in the company, valued at $465,770. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Robert C. Koski sold 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $49.70, for a total value of $248,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,100 shares of company stock valued at $865,025. Company insiders own 7.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Cutler Group LP purchased a new stake in shares of Sun Hydraulics during the fourth quarter worth about $26,000. Quantamental Technologies LLC purchased a new stake in shares of Sun Hydraulics during the first quarter worth about $71,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Sun Hydraulics by 26.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,193 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 465 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Sun Hydraulics during the first quarter worth about $174,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Sun Hydraulics during the first quarter worth about $249,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.
About Sun Hydraulics
Sun Hydraulics Corporation, doing business as Helios Technologies, develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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