Shares of Sun Hydraulics Corporation (SNHY) traded up 1.30% during mid-day trading on Thursday, reaching $47.70. The 14-day RSI is still a widely popular choice among technical stock analysts. Sun Hydraulics Corporation earned a media sentiment score of 0.13 on Accern's scale.
In other news, Director Christine L. Koski sold 20,000 shares of the stock in a transaction on Tuesday, May 23rd. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.39 by $0.13.
The value of the investment in SNHY increased from $2,407,000 to $2,836,000 a change of 17.8% for the reporting period. Sun Hydraulics Corporation had a net margin of 9.63% and a return on equity of 13.47%.
Conestoga Capital Advisors LLC boosted its stake in Sun Hydraulics Corporation (NASDAQ:SNHY) by 7.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The company had revenue of $89.30 million for the quarter, compared to analyst estimates of $79.18 million. During the same period in the prior year, the company posted $0.26 earnings per share. BidaskClub lowered shares of Sun Hydraulics Corporation from a "buy" rating to a "hold" rating in a research note on Saturday, June 17th. Finally, TheStreet upgraded shares of Sun Hydraulics Corporation from a "c" rating to a "b" rating in a research note on Monday, May 8th. The stock was sold at an average price of $42.20, for a total transaction of $844,000.00. The firm has a market cap of $1.29 billion, a P/E ratio of 50.20 and a beta of 1.81. The firm has a 50-day moving average of $42.44 and a 200-day moving average of $39.65. Corporate insiders own 10.70% of the company's stock. Sun Hydraulics Corporation has a 12 month low of $28.46 and a 12 month high of $48.44. Zacks Investment Research upgraded Sun Hydraulics Corporation from a "sell" rating to a "hold" rating in a report on Wednesday, May 3rd. The firm's quarterly revenue was up 75.8% compared to the same quarter a year ago.
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Sun Hydraulics Corporation (NASDAQ:SNHY) last announced its quarterly earnings data on Monday, August 7th. Investors of record on Friday, June 30th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday the 28th of June 2017. Equities research analysts anticipate that Sun Hydraulics Corporation will post $1.41 EPS for the current fiscal year. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.76%. Sun Hydraulics Corporation's dividend payout ratio (DPR) is 37.50%.
In related news, Director Allen J. Carlson sold 9,000 shares of the business's stock in a transaction that occurred on Wednesday, May 24th. If you are reading this piece on another website, it was illegally copied and republished in violation of United States & global copyright laws. Koski, Director disclosed the sale of 5,700 shares of SNHY stock. The shares were sold at an average price of $42.78, for a total value of $243,846.00. The original version of this story can be read at https://transcriptdaily.com/2017/08/11/metropolitan-life-insurance-co-ny-maintains-stake-in-sun-hydraulics-corporation-nasdaqsnhy.html.
Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Sun Hydraulics Corporation during the fourth quarter valued at approximately $227,000. Brown Capital Management LLC now owns 4,209,643 shares of the industrial products company's stock worth $152,010,000 after buying an additional 16,869 shares in the last quarter. WCM Investment Management CA now owns 30,245 shares of the industrial products company's stock valued at $1,092,000 after buying an additional 2,565 shares during the period.
Teachers Advisors, LLC grew its investment by buying 2,869 shares an increase of 7.4% from 03/31/2017 to 06/30/2017. Vanguard Group Inc. now owns 1,806,387 shares of the industrial products company's stock valued at $65,229,000 after buying an additional 76,652 shares during the period. Also, the number of investment managers holding Sun Hydraulics Corp in their top 10 holdings increased from 0 to 2 for an increase of 2. Royce & Associates LP increased its position in shares of Sun Hydraulics Corporation by 1.3% in the second quarter. It is engaged in power controls and vehicle technologies lines of business. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems for industrial and mobile markets. The Company operates through two segments including hydraulics and electronics.