Helios Technologies (NASDAQ:HLIO) Sets New 52-Week High – Should You Buy?

Helios Technologies, Inc. (NASDAQ:HLIO)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $73.88 and last traded at $73.72, with a volume of 39539 shares trading hands. The stock had previously closed at $72.52.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HLIO shares. KeyCorp raised their price target on Helios Technologies from $64.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. JPMorgan Chase & Co. assumed coverage on shares of Helios Technologies in a report on Tuesday, January 20th. They set an “overweight” rating and a $80.00 price target for the company. Finally, Stifel Nicolaus upped their price target on Helios Technologies from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $69.25.

Helios Technologies Stock Performance

The company has a market cap of $2.41 billion, a PE ratio of 64.40 and a beta of 1.30. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $59.63 and its two-hundred day moving average is $54.54.

Helios Technologies Announces Dividend

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

Hedge Funds Weigh In On Helios Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings 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 last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Helios Technologies by 7.9% in 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 during the last quarter. Bank of America Corp DE lifted its position in shares of Helios Technologies by 7.9% in the second quarter. Bank of America Corp DE now owns 932,366 shares of the company’s stock worth $31,113,000 after buying an additional 68,182 shares in the last quarter. Wasatch Advisors LP boosted its stake in Helios Technologies by 5.4% during the third 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 during the last quarter. Finally, Jennison Associates LLC purchased a new position in Helios Technologies during the 4th quarter valued at approximately $42,583,000. 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.