Sun Hydraulics Co. (SNHY) Director Sells $387,000.00 in Stock
Sun Hydraulics Co. (NASDAQ:SNHY) Director Allen J. Carlson sold 9,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $43.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now directly owns 35,000 shares in the company, valued at $1,505,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Sun Hydraulics Co. (NASDAQ:SNHY) traded down 0.85% on Friday, reaching $42.01. 54,049 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.14 billion, a P/E ratio of 44.69 and a beta of 1.76. Sun Hydraulics Co. has a 1-year low of $27.69 and a 1-year high of $43.07. The firm’s 50 day moving average is $38.90 and its 200 day moving average is $38.36.
Sun Hydraulics (NASDAQ:SNHY) last released its earnings results on Monday, May 8th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $81.40 million for the quarter, compared to analyst estimates of $75.49 million. Sun Hydraulics had a return on equity of 10.91% and a net margin of 13.22%. Sun Hydraulics’s revenue was up 59.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Analysts expect that Sun Hydraulics Co. will post $1.31 EPS for the current year.
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A number of brokerages recently commented on SNHY. Zacks Investment Research raised shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. TheStreet raised shares of Sun Hydraulics from a “c” rating to a “b” rating in a research note on Monday, May 8th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNHY. Victory Capital Management Inc. raised its position in Sun Hydraulics by 6.3% in the first quarter. Victory Capital Management Inc. now owns 3,452 shares of the industrial products company’s stock worth $125,000 after buying an additional 204 shares during the last quarter. Ancora Advisors LLC purchased a new position in Sun Hydraulics during the fourth quarter worth about $150,000. BOKF NA bought a new position in shares of Sun Hydraulics during the third quarter worth $207,000. Russell Investments Group Ltd. bought a new position in shares of Sun Hydraulics during the fourth quarter worth $227,000. Finally, Bank of America Corp DE boosted its position in shares of Sun Hydraulics by 15.1% in the first quarter. Bank of America Corp DE now owns 7,071 shares of the industrial products company’s stock worth $256,000 after buying an additional 925 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
Sun Hydraulics Company Profile
Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems for industrial and mobile markets.
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