Sun Hydraulics Co. (NASDAQ:SNHY) has received an average rating of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $59.00.
Several brokerages recently weighed in on SNHY. Robert W. Baird raised shares of Sun Hydraulics from a “neutral” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Thursday, September 20th. SunTrust Banks reduced their target price on shares of Sun Hydraulics to $59.00 and set a “$49.53” rating on the stock in a report on Wednesday, July 18th. They noted that the move was a valuation call. BidaskClub cut shares of Sun Hydraulics from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Finally, Zacks Investment Research raised shares of Sun Hydraulics from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th.
In other Sun Hydraulics news, Director Christine L. Koski sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $51.21, for a total transaction of $1,152,225.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christine L. Koski sold 29,580 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $56.86, for a total transaction of $1,681,918.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,601 shares of company stock worth $5,620,982. 7.80% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Sun Hydraulics during the first quarter worth approximately $100,000. Amalgamated Bank acquired a new stake in Sun Hydraulics during the second quarter worth approximately $211,000. Dynamic Technology Lab Private Ltd acquired a new stake in Sun Hydraulics during the first quarter worth approximately $268,000. Xact Kapitalforvaltning AB raised its holdings in Sun Hydraulics by 69.7% during the first quarter. Xact Kapitalforvaltning AB now owns 5,358 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 2,200 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Sun Hydraulics during the first quarter worth approximately $291,000. 85.72% of the stock is currently owned by institutional investors.
Shares of NASDAQ:SNHY opened at $46.21 on Friday. The company has a market capitalization of $1.73 billion, a P/E ratio of 28.88 and a beta of 1.68. Sun Hydraulics has a fifty-two week low of $45.44 and a fifty-two week high of $70.83. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.78.
Sun Hydraulics (NASDAQ:SNHY) last issued its earnings results on Tuesday, August 7th. The industrial products company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). The firm had revenue of $136.20 million during the quarter, compared to analyst estimates of $139.80 million. Sun Hydraulics had a net margin of 8.08% and a return on equity of 11.79%. The firm’s revenue was up 52.5% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. As a group, analysts predict that Sun Hydraulics will post 1.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 20th. Shareholders of record on Friday, October 5th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. Sun Hydraulics’s payout ratio is currently 22.50%.
Sun Hydraulics Company Profile
Helios Technologies designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.
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