Sun Hydraulics Co. (NASDAQ:SNHY) has received a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $51.17.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Sun Hydraulics from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Saturday, March 2nd. William Blair restated an “outperform” rating on shares of Sun Hydraulics in a research note on Tuesday, February 26th. BidaskClub upgraded Sun Hydraulics from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. SunTrust Banks boosted their price target on Sun Hydraulics to $53.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Finally, ValuEngine upgraded Sun Hydraulics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th.

In other Sun Hydraulics news, major shareholder Robert C. Koski sold 2,500 shares of Sun Hydraulics stock in a transaction on Friday, March 1st. The stock was sold at an average price of $49.25, for a total value of $123,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Robert C. Koski sold 5,000 shares of Sun Hydraulics stock in a transaction on Monday, March 4th. The shares were sold at an average price of $49.70, for a total value of $248,500.00. The disclosure for this sale can be found here. 7.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SNHY. Cutler Group LP acquired a new position in Sun Hydraulics in the 4th quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sun Hydraulics by 26.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,193 shares of the industrial products company’s stock worth $73,000 after buying an additional 465 shares in the last quarter. Clearstead Advisors LLC acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth $205,000. Private Advisor Group LLC acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth $219,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth $223,000. 87.20% of the stock is owned by hedge funds and other institutional investors.

SNHY opened at $46.53 on Tuesday. The firm has a market capitalization of $1.51 billion, a P/E ratio of 20.23 and a beta of 1.73. Sun Hydraulics has a 1 year low of $30.79 and a 1 year high of $58.13. The company has a quick ratio of 1.19, a current ratio of 2.12 and a debt-to-equity ratio of 0.65.

Sun Hydraulics (NASDAQ:SNHY) last released its quarterly earnings results on Monday, February 25th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $138.72 million during the quarter, compared to the consensus estimate of $134.51 million. Sun Hydraulics had a return on equity of 11.38% and a net margin of 9.20%. The firm’s quarterly revenue was up 64.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. On average, research analysts expect that Sun Hydraulics will post 2.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, April 5th will be issued a $0.09 dividend. The ex-dividend date is Thursday, April 4th. This represents a $0.36 annualized dividend and a yield of 0.77%. Sun Hydraulics’s dividend payout ratio is presently 15.65%.

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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Analyst Recommendations for Sun Hydraulics (NASDAQ:SNHY)

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