Helios Technologies (NASDAQ:HLIO) Hits New 1-Year High on Earnings Beat

Helios Technologies, Inc. (NASDAQ:HLIO)’s stock price reached a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $76.47 and last traded at $71.29, with a volume of 81153 shares traded. The stock had previously closed at $74.38.

The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%.The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share.

Helios Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on HLIO. JPMorgan Chase & Co. began coverage on shares of Helios Technologies in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price target for the company. Stifel Nicolaus lifted their target price on Helios Technologies from $65.00 to $74.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, KeyCorp upped their price target on Helios Technologies from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $71.25.

Institutional Trading of Helios Technologies

A number of institutional investors have recently bought and sold shares of HLIO. CWM LLC increased its holdings in shares of Helios Technologies by 14.2% in the 3rd quarter. CWM LLC now owns 1,886 shares of the company’s stock valued at $98,000 after acquiring an additional 234 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Helios Technologies by 6.2% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,186 shares of the company’s stock worth $224,000 after purchasing an additional 246 shares during the last quarter. LPL Financial LLC boosted its holdings in Helios Technologies by 5.1% in the fourth quarter. LPL Financial LLC now owns 5,689 shares of the company’s stock valued at $304,000 after purchasing an additional 274 shares in the last quarter. Osaic Holdings Inc. increased its stake in Helios Technologies by 14.1% in the fourth quarter. Osaic Holdings Inc. now owns 2,942 shares of the company’s stock valued at $158,000 after purchasing an additional 363 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Helios Technologies by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 6,065 shares of the company’s stock worth $324,000 after purchasing an additional 391 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Trading Down 1.5%

The company has a market cap of $2.43 billion, a price-to-earnings ratio of 65.60 and a beta of 1.30. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $65.64 and its two-hundred day simple moving average is $57.94.

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.