Helios Technologies (NASDAQ:HLIO) Price Target Raised to $39.00

Helios Technologies (NASDAQ:HLIO) had its price target raised by Stifel Nicolaus from $35.00 to $39.00 in a report published on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, Robert W. Baird reduced their target price on shares of Helios Technologies from $65.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday.

Helios Technologies Stock Up 0.1 %

Helios Technologies stock opened at $31.37 on Thursday. Helios Technologies has a 52 week low of $24.76 and a 52 week high of $57.29. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 27.76 and a beta of 1.22. The company’s 50-day moving average price is $30.55 and its two-hundred day moving average price is $40.99. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. During the same period in the prior year, the business earned $0.53 earnings per share. Helios Technologies’s revenue was down 7.8% on a year-over-year basis. On average, analysts expect that Helios Technologies will post 2.06 EPS for the current fiscal year.

Helios Technologies declared that its Board of Directors has approved a share repurchase plan on Monday, February 24th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.15%. Helios Technologies’s dividend payout ratio is 32.43%.

Hedge Funds Weigh In On Helios Technologies

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Helios Technologies by 230.1% during the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock worth $2,740,000 after purchasing an additional 40,048 shares during the last quarter. Sara Bay Financial boosted its holdings in shares of Helios Technologies by 25.5% during the 4th quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock worth $54,080,000 after buying an additional 247,088 shares during the period. Ameritas Advisory Services LLC acquired a new position in Helios Technologies in the 4th quarter valued at $315,000. SG Americas Securities LLC lifted its position in shares of Helios Technologies by 16.0% during the 4th quarter. SG Americas Securities LLC now owns 13,479 shares of the company’s stock worth $602,000 after purchasing an additional 1,863 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Helios Technologies by 3.5% in the 4th quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock valued at $400,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

About Helios Technologies

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.