Shares of Helios Technologies (NASDAQ:HLIO) have earned an average broker rating score of 2.60 (Hold) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a twelve-month consensus price objective of $44.00 for the company and are forecasting that the company will post $0.59 earnings per share for the current quarter, according to Zacks. Zacks has also given Helios Technologies an industry rank of 183 out of 256 based on the ratings given to related companies.
Several research analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of Helios Technologies from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 10th. Stifel Nicolaus cut their price objective on shares of Helios Technologies from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. ValuEngine cut shares of Helios Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of Helios Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th.
In other Helios Technologies news, Director Christine L. Koski sold 5,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $47.03, for a total value of $235,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine L. Koski sold 3,100 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $49.03, for a total transaction of $151,993.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,100 shares of company stock worth $852,243. 6.30% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Wasatch Advisors Inc. purchased a new stake in Helios Technologies in the 2nd quarter valued at about $144,383,000. Conestoga Capital Advisors LLC purchased a new stake in shares of Helios Technologies during the 2nd quarter worth approximately $71,105,000. GW&K Investment Management LLC purchased a new stake in shares of Helios Technologies during the 2nd quarter worth approximately $22,408,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Helios Technologies during the 2nd quarter worth approximately $7,852,000. Finally, Swiss National Bank purchased a new stake in shares of Helios Technologies during the 2nd quarter worth approximately $2,483,000. Hedge funds and other institutional investors own 84.60% of the company’s stock.
HLIO stock traded down $1.67 during midday trading on Friday, hitting $42.65. 39,681 shares of the company’s stock were exchanged, compared to its average volume of 73,454. The company has a current ratio of 2.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.40 billion, a PE ratio of 18.54 and a beta of 1.82. Helios Technologies has a one year low of $30.79 and a one year high of $58.13.
Helios Technologies (NASDAQ:HLIO) last released its earnings results on Monday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Helios Technologies had a return on equity of 13.56% and a net margin of 10.91%. The business had revenue of $143.84 million for the quarter, compared to the consensus estimate of $146.64 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. Helios Technologies’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that Helios Technologies will post 2.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, July 5th were given a $0.09 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.36 annualized dividend and a yield of 0.84%. Helios Technologies’s payout ratio is 15.65%.
About Helios Technologies
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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