Sun Hydraulics Co. (NASDAQ:SNHY) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a 1-year consensus price target of $64.00 for the company and are expecting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned Sun Hydraulics an industry rank of 81 out of 265 based on the ratings given to related companies.

SNHY has been the topic of several research analyst reports. BidaskClub cut shares of Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Robert W. Baird cut shares of Sun Hydraulics from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $55.00 to $57.00 in a research note on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th.

Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Sun Hydraulics by 191.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock worth $126,000 after buying an additional 1,536 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of 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 during the last quarter. Simplex Trading LLC bought a new stake in shares of Sun Hydraulics in the 4th quarter worth about $156,000. Victory Capital Management Inc. increased its holdings in shares of Sun Hydraulics by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,060 shares of the industrial products company’s stock worth $173,000 after buying an additional 608 shares during the last quarter. Finally, Aperio Group LLC bought a new stake in shares of Sun Hydraulics in the 3rd quarter worth about $201,000. Hedge funds and other institutional investors own 79.46% of the company’s stock.

Shares of Sun Hydraulics (NASDAQ SNHY) opened at $67.34 on Friday. The company has a market cap of $1,820.00, a price-to-earnings ratio of 57.07 and a beta of 1.79. Sun Hydraulics has a one year low of $34.17 and a one year high of $69.84. The company has a quick ratio of 1.96, a current ratio of 2.62 and a debt-to-equity ratio of 0.43.

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

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Friday, January 5th will be issued a $0.09 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.53%. Sun Hydraulics’s dividend payout ratio (DPR) is presently 30.51%.

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About Sun Hydraulics

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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