Shares of Sun Hydraulics Co. (NASDAQ:SNHY) have earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a one year consensus target price of $57.00 for the company and are expecting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Sun Hydraulics an industry rank of 105 out of 265 based on the ratings given to related companies.
SNHY has been the subject of a number of research reports. Sidoti initiated coverage on Sun Hydraulics in a research note on Thursday, September 14th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Robert W. Baird downgraded Sun Hydraulics from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $55.00 to $57.00 in a research note on Friday, October 13th. Finally, BidaskClub downgraded Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th.
Sun Hydraulics (NASDAQ:SNHY) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The company had revenue of $88.00 million during the quarter, compared to the consensus estimate of $80.66 million. During the same period in the previous year, the firm posted $0.19 earnings per share. Sun Hydraulics’s quarterly revenue was up 94.7% compared to the same quarter last year. equities analysts anticipate that Sun Hydraulics will post 1.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Friday, January 5th will be paid a $0.09 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.54%. Sun Hydraulics’s payout ratio is currently 30.51%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Sun Hydraulics during the third quarter worth approximately $1,590,000. Wolverine Trading LLC acquired a new position in shares of Sun Hydraulics during the third quarter worth approximately $556,000. Oppenheimer Asset Management Inc. boosted its position in shares of Sun Hydraulics by 191.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock worth $126,000 after buying an additional 1,536 shares during the period. Royce & Associates LP boosted its position in shares of Sun Hydraulics by 6.3% during the third quarter. Royce & Associates LP now owns 2,263,053 shares of the industrial products company’s stock worth $122,205,000 after buying an additional 134,273 shares during the period. Finally, RK Capital Management LLC boosted its position in shares of Sun Hydraulics by 22.5% during the third quarter. RK Capital Management LLC now owns 205,961 shares of the industrial products company’s stock worth $11,122,000 after buying an additional 37,861 shares during the period. Institutional investors and hedge funds own 79.46% of the company’s stock.
About Sun Hydraulics
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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