Helios Technologies (NASDAQ:HLIO) Hits New 52-Week High – Time to Buy?

Helios Technologies, Inc. (NASDAQ:HLIO)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $69.09 and last traded at $68.1910, with a volume of 94593 shares. The stock had previously closed at $67.26.

Analysts Set New Price Targets

A number of research firms recently weighed in on HLIO. JPMorgan Chase & Co. initiated coverage on shares of Helios Technologies in a research report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective on the stock. KeyCorp lifted their target price on shares of Helios Technologies from $64.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, Stifel Nicolaus increased their price target on shares of Helios Technologies from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $69.25.

Helios Technologies Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The company has a market capitalization of $2.32 billion, a PE ratio of 61.95 and a beta of 1.30. The stock has a 50-day simple moving average of $59.26 and a 200 day simple moving average of $54.04.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.66 by $0.06. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Equities analysts anticipate that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were given 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 dividend payout ratio is currently 35.64%.

Institutional Trading of Helios Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLIO. Geode Capital Management LLC boosted its holdings in shares of Helios Technologies by 3.4% in the second quarter. Geode Capital Management LLC now owns 789,981 shares of the company’s stock valued at $26,365,000 after acquiring an additional 26,098 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in Helios Technologies by 19.2% during the 2nd quarter. Ceredex Value Advisors LLC now owns 417,950 shares of the company’s stock worth $13,947,000 after buying an additional 67,450 shares during the period. Advantage Alpha Capital Partners LP raised its stake in Helios Technologies by 11.8% during the 2nd quarter. Advantage Alpha Capital Partners LP now owns 62,926 shares of the company’s stock valued at $2,100,000 after purchasing an additional 6,631 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in Helios Technologies in the 3rd quarter worth about $1,334,000. Finally, Congress Asset Management Co. purchased a new position in Helios Technologies during the 3rd quarter valued at about $3,063,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

About Helios Technologies

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.