Sun Hydraulics Co. (NASDAQ:SNHY) CFO Tricia L. Fulton sold 7,500 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $54.21, for a total value of $406,575.00. Following the completion of the transaction, the chief financial officer now directly owns 62,091 shares of the company’s stock, valued at $3,365,953.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ:SNHY opened at $46.21 on Friday. Sun Hydraulics Co. has a 52-week low of $45.44 and a 52-week high of $70.83. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.78 and a quick ratio of 1.06. The firm has a market cap of $1.73 billion, a P/E ratio of 28.88 and a beta of 1.68.
Sun Hydraulics (NASDAQ:SNHY) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). Sun Hydraulics had a net margin of 8.08% and a return on equity of 11.79%. The firm had revenue of $136.20 million for the quarter, compared to analysts’ expectations of $139.80 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 52.5% on a year-over-year basis. Equities research analysts anticipate that Sun Hydraulics Co. will post 1.81 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, October 20th. Shareholders of record on Friday, October 5th will be given 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 22.50%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in Sun Hydraulics during the first quarter valued at about $100,000. Stratos Wealth Partners LTD. purchased a new stake in Sun Hydraulics during the first quarter valued at about $105,000. Amalgamated Bank purchased a new stake in Sun Hydraulics during the second quarter valued at about $211,000. Dynamic Technology Lab Private Ltd purchased a new stake in Sun Hydraulics during the first quarter valued at about $268,000. Finally, Xact Kapitalforvaltning AB raised its position 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 valued at $287,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 85.72% of the company’s stock.
SNHY has been the subject of several research analyst reports. SunTrust Banks dropped their price objective on Sun Hydraulics to $59.00 and set a “$49.53” rating for the company in a research note on Wednesday, July 18th. They noted that the move was a valuation call. BidaskClub raised Sun Hydraulics from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Zacks Investment Research raised Sun Hydraulics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, Robert W. Baird set a $50.00 price objective on Sun Hydraulics and gave the company a “hold” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Sun Hydraulics currently has an average rating of “Hold” and an average target price of $60.83.
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.
Recommended Story: What are the most popular ETFs
Receive News & Ratings for Sun Hydraulics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Hydraulics and related companies with MarketBeat.com's FREE daily email newsletter.