Sun Hydraulics Co. (NASDAQ:SNHY) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a 1 year consensus target price of $64.00 for the company and are forecasting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Sun Hydraulics an industry rank of 110 out of 265 based on the ratings given to related companies.

Several brokerages have commented on SNHY. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Robert W. Baird downgraded Sun Hydraulics from an “outperform” rating to a “neutral” rating and raised their price target for the company from $55.00 to $57.00 in a report on Friday, October 13th.

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in Sun Hydraulics by 0.5% in the 2nd 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 in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Sun Hydraulics by 6.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 106,501 shares of the industrial products company’s stock worth $4,545,000 after buying an additional 6,164 shares in the last quarter. Rhumbline Advisers increased its holdings in Sun Hydraulics by 0.3% in the 2nd 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 in the last quarter. Legal & General Group Plc increased its holdings in Sun Hydraulics by 2.9% in the 2nd 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 in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Sun Hydraulics by 542.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,486 shares of the industrial products company’s stock worth $149,000 after buying an additional 2,943 shares in the last quarter. Hedge funds and other institutional investors own 79.46% of the company’s stock.

Sun Hydraulics (NASDAQ SNHY) opened at $67.59 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1,829.86, a price-to-earnings ratio of 56.80 and a beta of 1.79. Sun Hydraulics has a 52-week low of $34.17 and a 52-week high of $68.47.

Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $88.00 million during the quarter, compared to analyst estimates of $80.66 million. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The company’s revenue for the quarter was up 94.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. equities research analysts forecast that Sun Hydraulics will post 1.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.53%. Sun Hydraulics’s payout ratio is presently 30.25%.

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Sun Hydraulics Company Profile

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.

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