Shares of Sun Hydraulics Co. (NASDAQ:SNHY) have been given a consensus rating of “Hold” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $58.00.
Several research firms have commented on SNHY. Robert W. Baird decreased their target price on shares of Sun Hydraulics from $64.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, April 9th. ValuEngine lowered shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Friday, April 13th. Stifel Nicolaus decreased their price target on shares of Sun Hydraulics from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, May 9th. Sidoti lowered shares of Sun Hydraulics from a “buy” rating to a “neutral” rating in a report on Tuesday, May 8th. Finally, Zacks Investment Research lowered shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th.
In related news, Director Christine L. Koski sold 35,000 shares of Sun Hydraulics stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $50.63, for a total transaction of $1,772,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine L. Koski sold 25,000 shares of Sun Hydraulics stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $50.47, for a total transaction of $1,261,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock worth $4,615,570 over the last ninety days. 7.80% of the stock is currently owned by insiders.
Sun Hydraulics traded down $0.65, hitting $50.70, during mid-day trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 280,522 shares, compared to its average volume of 137,221. Sun Hydraulics has a 52 week low of $40.82 and a 52 week high of $70.83. The firm has a market cap of $1.60 billion, a P/E ratio of 31.69 and a beta of 1.69.
Sun Hydraulics (NASDAQ:SNHY) last released its earnings results on Tuesday, May 8th. The industrial products company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). Sun Hydraulics had a net margin of 9.27% and a return on equity of 14.12%. The firm had revenue of $97.30 million during the quarter, compared to the consensus estimate of $94.81 million. During the same period in the prior year, the business earned $0.43 earnings per share. Sun Hydraulics’s quarterly revenue was up 19.5% compared to the same quarter last year. equities research analysts forecast that Sun Hydraulics will post 1.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Thursday, July 5th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, July 3rd. Sun Hydraulics’s dividend payout ratio (DPR) is presently 22.50%.
About Sun Hydraulics
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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