Sun Hydraulics Corporation (NASDAQ:SNHY) Director Christine L. Koski sold 14,753 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $47.01, for a total transaction of $693,538.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sun Hydraulics Corporation (SNHY) traded down 0.30% on Wednesday, hitting $46.72. 90,224 shares of the stock traded hands. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 49.18 and a beta of 1.81. The firm’s 50-day moving average price is $42.84 and its 200-day moving average price is $39.85. Sun Hydraulics Corporation has a 12-month low of $28.45 and a 12-month high of $48.44.

Sun Hydraulics Corporation (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.13. Sun Hydraulics Corporation had a net margin of 9.63% and a return on equity of 13.25%. The company had revenue of $89.30 million during the quarter, compared to the consensus estimate of $79.18 million. During the same quarter in the prior year, the company posted $0.26 EPS. The company’s quarterly revenue was up 75.8% compared to the same quarter last year. On average, equities research analysts anticipate that Sun Hydraulics Corporation will post $1.56 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BB&T Securities LLC increased its position in Sun Hydraulics Corporation by 0.6% in the first quarter. BB&T Securities LLC now owns 7,613 shares of the industrial products company’s stock worth $274,000 after buying an additional 45 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Sun Hydraulics Corporation by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 18,347 shares of the industrial products company’s stock worth $784,000 after buying an additional 54 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Sun Hydraulics Corporation by 0.5% in the second quarter. Russell Investments Group Ltd. now owns 15,731 shares of the industrial products company’s stock worth $671,000 after buying an additional 71 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Sun Hydraulics Corporation by 0.3% in the second quarter. Rhumbline Advisers now owns 29,593 shares of the industrial products company’s stock worth $1,263,000 after buying an additional 93 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Sun Hydraulics Corporation by 2.9% in the second quarter. Legal & General Group Plc now owns 5,764 shares of the industrial products company’s stock worth $247,000 after buying an additional 160 shares during the last quarter. 79.50% of the stock is owned by institutional investors.

SNHY has been the subject of several research analyst reports. Zacks Investment Research raised shares of Sun Hydraulics Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. TheStreet raised shares of Sun Hydraulics Corporation from a “c” rating to a “b” rating in a research note on Monday, May 8th. Finally, BidaskClub lowered shares of Sun Hydraulics Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th.

About Sun Hydraulics Corporation

Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.

Insider Buying and Selling by Quarter for Sun Hydraulics Corporation (NASDAQ:SNHY)

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