Helios Technologies (NASDAQ:HLIO) Hits New 12-Month High on Better-Than-Expected Earnings

Helios Technologies, Inc. (NASDAQ:HLIO) reached a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The company traded as high as $56.61 and last traded at $55.60, with a volume of 14747 shares traded. The stock had previously closed at $49.07.

The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. During the same quarter last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were paid a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.64%. Helios Technologies’s payout ratio is 40.00%.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price target on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

Hedge Funds Weigh In On Helios Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Isthmus Partners LLC increased its position in shares of Helios Technologies by 1.1% during the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after acquiring an additional 670 shares during the last quarter. Innealta Capital LLC bought a new position in Helios Technologies in the 2nd quarter valued at $35,000. nVerses Capital LLC increased its position in shares of Helios Technologies by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock valued at $57,000 after purchasing an additional 800 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Helios Technologies during the 2nd quarter valued at $110,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Helios Technologies during the 1st quarter worth $133,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Up 14.7 %

The company has a market capitalization of $1.87 billion, a PE ratio of 62.52 and a beta of 0.84. The stock’s fifty day moving average is $45.89 and its two-hundred day moving average is $46.44. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56.

Helios Technologies Company Profile

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.