Helios Technologies (NYSE:HLIO) Cut to “Hold” at Zacks Research

Helios Technologies (NYSE:HLIO) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

A number of other research analysts have also recently weighed in on HLIO. KeyCorp boosted their price objective on shares of Helios Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Stifel Nicolaus increased their target price on shares of Helios Technologies from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Helios Technologies from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen cut shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.25.

Helios Technologies Price Performance

Shares of Helios Technologies stock opened at $69.45 on Tuesday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 21.20 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The stock has a 50 day moving average price of $71.12 and a 200-day moving average price of $75.90. Helios Technologies has a one year low of $48.99 and a one year high of $95.05.

Helios Technologies (NYSE:HLIO) last released its quarterly earnings results on Monday, August 10th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The company had revenue of $231.90 million for the quarter. Helios Technologies had a return on equity of 11.43% and a net margin of 8.01%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. Helios Technologies has set its FY 2026 guidance at 3.050-3.250 EPS and its Q3 2026 guidance at 0.700-0.770 EPS. Equities analysts expect that Helios Technologies will post 3.17 EPS for the current year.

Institutional Investors Weigh In On Helios Technologies

A number of institutional investors and hedge funds have recently modified their holdings of HLIO. NewEdge Advisors LLC purchased a new position in Helios Technologies during the 1st quarter valued at $29,000. Nykredit A S bought a new position in Helios Technologies in the 2nd quarter valued at $30,000. Allworth Financial LP purchased a new stake in Helios Technologies in the second quarter worth $40,000. Public Employees Retirement System of Ohio purchased a new stake in Helios Technologies in the second quarter worth $43,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Helios Technologies in the second quarter worth $59,000. 94.72% of the stock is owned by institutional investors.

About Helios Technologies

Helios Technologies, Inc develops and manufactures industrial technology products for the hydraulics and electronics markets. Its offerings include hydraulic cartridge valves, manifolds and electro-hydraulic controls, as well as electronic control systems, displays, instrumentation and related connectivity solutions used in mobile equipment, industrial machinery and other specialized applications.

The company serves original equipment manufacturers and other industrial customers through a portfolio that has included the Sun Hydraulics and Enovation Controls brands.