Insider Selling: Christine Koski Sells 15,000 Shares of Sun Hydraulics Corp. Stock (SNHY)
Sun Hydraulics Corp. (NASDAQ:SNHY) Director Christine Koski unloaded 15,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $35.68, for a total transaction of $535,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sun Hydraulics Corp. (NASDAQ:SNHY) traded down 1.99% during mid-day trading on Monday, hitting $34.95. The stock had a trading volume of 25,007 shares. Sun Hydraulics Corp. has a one year low of $23.43 and a one year high of $36.97. The stock’s 50-day moving average is $33.70 and its 200-day moving average is $32.40. The company has a market cap of $917.3 million and a price-to-earnings ratio of 25.24.
Sun Hydraulics Corp. (NASDAQ:SNHY) last announced its earnings results on Monday, August 5th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, September 26th.
Separately, analysts at Zacks downgraded shares of Sun Hydraulics Corp. 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 Corporation (NASDAQ:SNHY) designs, manufactures, and sells screw-in cartridge valves and manifolds used in hydraulic systems.
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