Helios Technologies, Inc. (NASDAQ:HLIO) Announces Quarterly Dividend of $0.09 – Defense World
Posted by admin on Jun 10th, 2022 
Helios Technologies, Inc. (NASDAQ:HLIO – Get Rating) announced a quarterly dividend on Friday, June 10th, Wall Street Journal reports. Shareholders of record on Tuesday, July 5th will be given a dividend of 0.09 per share on Wednesday, July 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, July 1st.
NASDAQ:HLIO traded down $1.10 during trading hours on Friday, hitting $70.20. 127,203 shares of the company’s stock traded hands, compared to its average volume of 117,222. The firm has a market cap of $2.28 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.32 and a beta of 1.22. Helios Technologies has a 52 week low of $62.59 and a 52 week high of $114.89. The business’s fifty day simple moving average is $70.53 and its two-hundred day simple moving average is $80.91. The company has a quick ratio of 1.20, a current ratio of 2.24 and a debt-to-equity ratio of 0.57.
Helios Technologies (NASDAQ:HLIO – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.22. Helios Technologies had a return on equity of 20.74% and a net margin of 12.43%. The company had revenue of $240.55 million during the quarter, compared to analyst estimates of $221.02 million. During the same quarter last year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts expect that Helios Technologies will post 4.56 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake in shares of Helios Technologies by 54.3% in the first quarter. Lazard Asset Management LLC now owns 1,247 shares of the company’s stock worth $100,000 after buying an additional 439 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Helios Technologies during the 3rd quarter valued at about $253,000. Westwood Holdings Group Inc. purchased a new position in shares of Helios Technologies during the 1st quarter valued at about $259,000. Jane Street Group LLC purchased a new position in shares of Helios Technologies during the 1st quarter valued at about $262,000. Finally, Quantbot Technologies LP lifted its holdings in Helios Technologies by 7,495.0% in the 1st quarter. Quantbot Technologies LP now owns 4,557 shares of the company’s stock worth $365,000 after purchasing an additional 4,497 shares in the last quarter. Institutional investors own 91.23% of the company’s stock.
HLIO has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Helios Technologies from $111.00 to $100.00 in a report on Wednesday, May 11th. Barrington Research assumed coverage on Helios Technologies in a research report on Thursday, March 31st. They issued an “outperform” rating and a $107.00 price target on the stock. Zacks Investment Research raised Helios Technologies from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, May 17th. Finally, Stifel Nicolaus raised Helios Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $95.00 in a research report on Tuesday, March 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $95.00.
About Helios Technologies (Get Rating)
Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.
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