Sun Hydraulics Corp. (SNHY) Announces Quarterly Dividend of $0.09
Sun Hydraulics Corp. (NASDAQ:SNHY) declared a quarterly dividend on Monday, September 23rd, Analyst Ratings Network reports. Investors of record on Monday, September 30th will be given a dividend of $0.09 per share on Tuesday, October 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.00%.
On the ratings front, 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.
Sun Hydraulics Corp. (NASDAQ:SNHY) traded up 0.75% on Monday, hitting $36.07. The stock had a trading volume of 49,151 shares. Sun Hydraulics Corp. has a 52 week low of $23.43 and a 52 week high of $36.34. The stock has a 50-day moving average of $32.46 and a 200-day moving average of $32.15. The company has a market cap of $946.7 million and a price-to-earnings ratio of 25.34.
Sun Hydraulics Corp. (NASDAQ:SNHY) last released its earnings data on Monday, August 5th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.43 earnings per share. Sun Hydraulics Corp.’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that Sun Hydraulics Corp. will post $1.45 earnings per share for the current fiscal year.
In other Sun Hydraulics Corp. news, CFO Tricia Fulton sold 2,000 shares of the stock on the open market in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $35.35, for a total value of $70,700.00. Following the sale, the chief financial officer now directly owns 27,261 shares of the company’s stock, valued at approximately $963,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sun Hydraulics Corporation (NASDAQ:SNHY) designs, manufactures, and sells screw-in cartridge valves and manifolds used in hydraulic systems.
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