Helios Technologies (NASDAQ:HLIO) Reaches New 1-Year High – Time to Buy?

Helios Technologies, Inc. (NASDAQ:HLIO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.16 and last traded at $75.7650, with a volume of 498105 shares trading hands. The stock had previously closed at $75.65.

Wall Street Analysts Forecast Growth

HLIO has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Helios Technologies from $65.00 to $74.00 and gave the company a “buy” rating in a report on Friday, January 23rd. KeyCorp increased their price objective on Helios Technologies from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. started coverage on Helios Technologies in a research report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $69.25.

Helios Technologies Stock Performance

The firm’s 50 day moving average is $62.07 and its 200-day moving average is $56.09. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 65.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, January 7th. Helios Technologies’s payout ratio is currently 35.64%.

Institutional Trading of Helios Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Helios Technologies by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,626,796 shares of the company’s stock valued at $84,806,000 after acquiring an additional 55,206 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Helios Technologies by 7.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock worth $79,787,000 after purchasing an additional 112,213 shares in the last quarter. Bank of America Corp DE raised its position in shares of Helios Technologies by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 932,366 shares of the company’s stock worth $31,113,000 after purchasing an additional 68,182 shares during the last quarter. Wasatch Advisors LP lifted its stake in Helios Technologies by 5.4% in the 3rd quarter. Wasatch Advisors LP now owns 854,711 shares of the company’s stock valued at $44,556,000 after buying an additional 43,567 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in Helios Technologies in the 4th quarter worth about $42,583,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Helios Technologies Company Profile

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.