BidaskClub lowered shares of Sun Hydraulics (NASDAQ:SNHY) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
Other equities analysts have also issued reports about the stock. ValuEngine raised shares of Sun Hydraulics from a hold rating to a buy rating in a research note on Monday, April 2nd. Stifel Nicolaus initiated coverage on shares of Sun Hydraulics in a research note on Friday, March 23rd. They issued a buy rating and a $61.00 target price for the company. Sidoti raised shares of Sun Hydraulics from a neutral rating to a buy rating and set a $69.00 target price for the company in a research note on Tuesday, February 13th. SunTrust Banks initiated coverage on shares of Sun Hydraulics in a research note on Monday, February 5th. They issued a buy rating for the company. Finally, Zacks Investment Research lowered shares of Sun Hydraulics from a strong-buy rating to a hold rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Sun Hydraulics presently has a consensus rating of Buy and a consensus price target of $63.00.
Shares of NASDAQ SNHY opened at $50.40 on Wednesday. The firm has a market capitalization of $1,660.81, a P/E ratio of 32.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.20 and a quick ratio of 2.29. Sun Hydraulics has a 1-year low of $34.17 and a 1-year high of $70.83.
Sun Hydraulics (NASDAQ:SNHY) last announced its earnings results on Monday, February 26th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The firm had revenue of $84.15 million during the quarter, compared to analyst estimates of $83.79 million. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. The company’s revenue for the quarter was up 68.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 EPS. sell-side analysts expect that Sun Hydraulics will post 1.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, April 5th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.71%. Sun Hydraulics’s dividend payout ratio is 22.50%.
Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Sun Hydraulics by 191.8% during 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. Simplex Trading LLC acquired a new position in shares of Sun Hydraulics during the 4th quarter worth about $156,000. Xact Kapitalforvaltning AB acquired a new position in shares of Sun Hydraulics during the 4th quarter worth about $204,000. Amalgamated Bank acquired a new position in shares of Sun Hydraulics during the 4th quarter worth about $208,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth about $236,000. Institutional investors own 70.08% of the company’s stock.
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Sun Hydraulics Company Profile
Sun Hydraulics Corporation 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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