Sun Hydraulics Corporation (NASDAQ:SNHY) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation. Sun Hydraulics Corporation’s rating score has declined by 200% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $57.00 for the company and are forecasting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Sun Hydraulics Corporation an industry rank of 52 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently weighed in on SNHY shares. Zacks Investment Research lowered Sun Hydraulics Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Robert W. Baird lowered Sun Hydraulics Corporation from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $57.00 in a research report on Friday, October 13th. Sidoti started coverage on Sun Hydraulics Corporation in a research report on Thursday, September 14th. They set a “neutral” rating for the company. Finally, BidaskClub upgraded Sun Hydraulics Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th.
In related news, Director Christine L. Koski sold 15,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $49.87, for a total value of $748,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.70% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. bought a new position in shares of Sun Hydraulics Corporation in the 2nd quarter valued at about $557,000. Teachers Advisors LLC lifted its holdings in shares of Sun Hydraulics Corporation by 7.4% in the 2nd quarter. Teachers Advisors LLC now owns 41,902 shares of the industrial products company’s stock valued at $1,788,000 after acquiring an additional 2,869 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Sun Hydraulics Corporation in the 2nd quarter valued at about $252,000. Ameriprise Financial Inc. lifted its holdings in shares of Sun Hydraulics Corporation by 186.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 258,333 shares of the industrial products company’s stock valued at $11,023,000 after acquiring an additional 168,220 shares during the last quarter. Finally, RK Capital Management LLC bought a new position in shares of Sun Hydraulics Corporation in the 2nd quarter valued at about $7,173,000. 80.37% of the stock is owned by hedge funds and other institutional investors.
Sun Hydraulics Corporation (NASDAQ:SNHY) opened at $60.01 on Tuesday. The firm has a market capitalization of $1,586.77, a PE ratio of 40.42 and a beta of 1.80. The company has a current ratio of 2.62, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. Sun Hydraulics Corporation has a 12-month low of $34.17 and a 12-month high of $60.07.
Sun Hydraulics Corporation (NASDAQ:SNHY) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. The firm had revenue of $88.00 million during the quarter, compared to analyst estimates of $80.66 million. Sun Hydraulics Corporation had a return on equity of 15.54% and a net margin of 10.34%. The business’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. sell-side analysts forecast that Sun Hydraulics Corporation will post 1.65 EPS for the current year.
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Sun Hydraulics Corporation Company Profile
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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