Sun Hydraulics Corp. CEO Unloads $718,709 in Stock (SNHY)
Sun Hydraulics Corp. (NASDAQ:SNHY) CEO Allen Carlson unloaded 21,454 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $33.50, for a total value of $718,709.00. Following the completion of the transaction, the chief executive officer now directly owns 49,316 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Sun Hydraulics Corp. (NASDAQ:SNHY) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $36.50 price target on the stock.
Shares of Sun Hydraulics Corp. (NASDAQ:SNHY) traded down 0.70% during mid-day trading on Thursday, hitting $33.84. The stock had a trading volume of 23,205 shares. Sun Hydraulics Corp. has a 52 week low of $23.43 and a 52 week high of $34.22. The stock’s 50-day moving average is $31.88 and its 200-day moving average is $31.84. The company has a market cap of $888.2 million and a P/E ratio of 24.12.
Sun Hydraulics Corp. (NASDAQ:SNHY) last released its earnings data on Monday, August 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $558.00 million for the quarter, compared to the consensus estimate of $55.20 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts expect that Sun Hydraulics Corp. will post $1.45 EPS for the current fiscal year.
Sun Hydraulics Corporation (NASDAQ:SNHY) designs, manufactures, and sells screw-in cartridge valves and manifolds used in hydraulic systems.
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