Sun Hydraulics Co. (NASDAQ:SNHY) – Investment analysts at SunTrust Banks reduced their FY2018 EPS estimates for shares of Sun Hydraulics in a research report issued to clients and investors on Tuesday, November 6th. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings of $1.74 per share for the year, down from their prior forecast of $1.87. SunTrust Banks currently has a “Accumulate” rating and a $46.00 target price on the stock. SunTrust Banks also issued estimates for Sun Hydraulics’ Q4 2018 earnings at $0.41 EPS, Q2 2019 earnings at $0.67 EPS and FY2019 earnings at $2.16 EPS.
Sun Hydraulics (NASDAQ:SNHY) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $135.80 million for the quarter, compared to the consensus estimate of $141.42 million. Sun Hydraulics had a return on equity of 11.20% and a net margin of 7.29%. The business’s revenue was up 54.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS.
NASDAQ:SNHY opened at $41.30 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.78. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 25.81 and a beta of 1.71. Sun Hydraulics has a 12-month low of $37.01 and a 12-month high of $70.83.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 20th. Shareholders of record on Friday, October 5th were paid a $0.09 dividend. 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 is 22.50%.
In other news, Director Christine L. Koski sold 29,580 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $56.86, for a total value of $1,681,918.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christine L. Koski sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $50.18, for a total value of $376,350.00. The disclosure for this sale can be found here. Insiders sold 104,601 shares of company stock worth $5,620,982 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of SNHY. The Manufacturers Life Insurance Company grew its position in shares of Sun Hydraulics by 13.7% in the first quarter. The Manufacturers Life Insurance Company now owns 20,461 shares of the industrial products company’s stock valued at $1,096,000 after purchasing an additional 2,458 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Sun Hydraulics in the first quarter valued at approximately $291,000. California State Teachers Retirement System grew its position in shares of Sun Hydraulics by 12.4% in the first quarter. California State Teachers Retirement System now owns 41,893 shares of the industrial products company’s stock valued at $2,244,000 after purchasing an additional 4,637 shares during the last quarter. Legal & General Group Plc grew its position in shares of Sun Hydraulics by 79.1% in the first quarter. Legal & General Group Plc now owns 10,663 shares of the industrial products company’s stock valued at $571,000 after purchasing an additional 4,709 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in shares of Sun Hydraulics by 69.7% in 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 during the last quarter. 86.21% of the stock is currently owned by institutional investors.
About Sun Hydraulics
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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