Sun Hydraulics Co. (NASDAQ:SNHY) – Stock analysts at SunTrust Banks boosted their Q3 2019 EPS estimates for shares of Sun Hydraulics in a research report issued on Tuesday, November 6th. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of $0.57 per share for the quarter, up from their previous estimate of $0.55. SunTrust Banks currently has a “Accumulate” rating and a $46.00 price objective on the stock. SunTrust Banks also issued estimates for Sun Hydraulics’ Q4 2019 earnings at $0.48 EPS and FY2020 earnings at $2.55 EPS.
Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). Sun Hydraulics had a net margin of 7.29% and a return on equity of 10.64%. The company had revenue of $135.80 million during the quarter, compared to analysts’ expectations of $141.42 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 54.3% compared to the same quarter last year.
Several other analysts also recently issued reports on SNHY. BidaskClub upgraded Sun Hydraulics from a “sell” rating to a “hold” rating in a research report on Saturday, November 3rd. Zacks Investment Research downgraded Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Robert W. Baird upgraded Sun Hydraulics from a “neutral” rating to an “outperform” rating and set a $55.00 target price on the stock in a research report on Thursday, September 20th. Finally, ValuEngine downgraded Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Sun Hydraulics has a consensus rating of “Hold” and an average price target of $58.17.
Shares of NASDAQ:SNHY opened at $41.30 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. Sun Hydraulics has a 52-week low of $37.01 and a 52-week high of $70.83. The firm has a market capitalization of $1.22 billion, a PE ratio of 25.81 and a beta of 1.71.
Several institutional investors have recently added to or reduced their stakes in SNHY. The Manufacturers Life Insurance Company raised its holdings in shares of Sun Hydraulics by 13.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 20,461 shares of the industrial products company’s stock worth $1,096,000 after purchasing an additional 2,458 shares during the period. LPL Financial LLC purchased a new position in shares of Sun Hydraulics in the 1st quarter worth about $291,000. California State Teachers Retirement System raised its holdings in shares of Sun Hydraulics by 12.4% in the 1st quarter. California State Teachers Retirement System now owns 41,893 shares of the industrial products company’s stock worth $2,244,000 after purchasing an additional 4,637 shares during the period. Legal & General Group Plc raised its holdings in shares of Sun Hydraulics by 79.1% in the 1st quarter. Legal & General Group Plc now owns 10,663 shares of the industrial products company’s stock worth $571,000 after purchasing an additional 4,709 shares during the period. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of Sun Hydraulics by 69.7% in the 1st 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 during the period. Institutional investors own 86.21% of the company’s stock.
In other news, CFO Tricia L. Fulton sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $54.21, for a total value of $406,575.00. Following the transaction, the chief financial officer now directly owns 62,091 shares in the company, valued at approximately $3,365,953.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christine L. Koski sold 29,580 shares of the firm’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $56.86, for a total value of $1,681,918.80. The disclosure for this sale can be found here. Insiders have sold 104,601 shares of company stock worth $5,620,982 over the last quarter. 7.80% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which was paid on Saturday, October 20th. Investors of record on Friday, October 5th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.87%. Sun Hydraulics’s dividend payout ratio (DPR) is presently 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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