The Sun Hydraulics Co. (SNHY) CFO Tricia L. Fulton Sells 3,000 Shares

The Sun Hydraulics Co. (SNHY) CFO Tricia L. Fulton Sells 3,000 Shares

Tricia L. Fulton also recently made the following trade(s):

Sun Hydraulics Co. (NASDAQ:SNHY) CFO Tricia L. Fulton sold 3,000 shares of Sun Hydraulics stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $41.25, for a total transaction of $123,750.00. Following the transaction, the chief financial officer now directly owns 56,211 shares of the company’s stock, valued at $2,318,703.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Sun Hydraulics Co. (NASDAQ:SNHY) opened at 43.56 on Monday. Sun Hydraulics Co. has a 1-year low of $27.69 and a 1-year high of $44.63. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 46.34 and a beta of 1.76. The company has a 50-day moving average of $40.03 and a 200-day moving average of $38.59. Sun Hydraulics (NASDAQ:SNHY) last posted its earnings results on Monday, May 8th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Sun Hydraulics had a return on equity of 10.91% and a net margin of 13.22%. The business had revenue of $81.40 million during the quarter, compared to analyst estimates of $75.49 million. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 59.6% compared to the same quarter last year. On average, equities research analysts expect that Sun Hydraulics Co. will post $1.31 EPS for the current fiscal year.

A number of analysts have recently issued reports on SNHY shares. TheStreet raised shares of Sun Hydraulics from a “c” rating to a “b” rating in a research note on Monday, May 8th. Zacks Investment Research lowered shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Several large investors have recently bought and sold shares of SNHY. Victory Capital Management Inc. raised its stake in Sun Hydraulics by 6.3% in the first quarter. Victory Capital Management Inc. now owns 3,452 shares of the industrial products company’s stock worth $125,000 after buying an additional 204 shares during the period. Ancora Advisors LLC bought a new stake in Sun Hydraulics during the fourth quarter worth about $150,000. BOKF NA acquired a new position in shares of Sun Hydraulics during the third quarter worth approximately $207,000. Russell Investments Group Ltd. acquired a new position in shares of Sun Hydraulics during the fourth quarter worth approximately $227,000. Finally, BB&T Securities LLC increased its position in shares of Sun Hydraulics by 2.8% in the third quarter. BB&T Securities LLC now owns 7,568 shares of the industrial products company’s stock worth $244,000 after buying an additional 203 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

About Sun Hydraulics Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SNHY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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