Helios Technologies (NASDAQ:HLIO) Announces Earnings Results

Helios Technologies (NASDAQ:HLIO) posted its earnings results on Monday. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09, Briefing.com reports. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. During the same quarter last year, the business posted $0.33 EPS. Helios Technologies’s revenue for the quarter was up 17.4% on a year-over-year basis.

Helios Technologies Stock Up 4.3%

NASDAQ:HLIO opened at $74.38 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 65.83 and a beta of 1.30. Helios Technologies has a one year low of $24.76 and a one year high of $76.16. The stock has a 50-day simple moving average of $65.64 and a 200 day simple moving average of $57.94.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. Helios Technologies’s dividend payout ratio (DPR) is presently 35.64%.

Wall Street Analyst Weigh In

HLIO has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Helios Technologies from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. initiated coverage on shares of Helios Technologies in a report on Tuesday, January 20th. They set an “overweight” rating and a $80.00 price target for the company. Finally, KeyCorp boosted their price objective on shares of Helios Technologies from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Helios Technologies has an average rating of “Buy” and an average target price of $69.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Triumph Capital Management bought a new stake in shares of Helios Technologies during the third quarter valued at approximately $36,000. Quarry LP increased its position in Helios Technologies by 948.6% in the 3rd quarter. Quarry LP now owns 1,164 shares of the company’s stock valued at $61,000 after acquiring an additional 1,053 shares during the period. Kemnay Advisory Services Inc. bought a new stake in Helios Technologies during the 4th quarter valued at $104,000. Osaic Holdings Inc. boosted its position in Helios Technologies by 14.1% during the 4th quarter. Osaic Holdings Inc. now owns 2,942 shares of the company’s stock worth $158,000 after acquiring an additional 363 shares during the period. Finally, Group One Trading LLC grew its stake in shares of Helios Technologies by 736.0% in the fourth quarter. Group One Trading LLC now owns 3,344 shares of the company’s stock worth $179,000 after purchasing an additional 2,944 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Company Profile

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.