Helios Technologies (NYSE:HLIO) Stock Rating Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Helios Technologies to “hold” from “strong buy,” though the broader analyst consensus remains “Moderate Buy” with an average price target of $96.25.
• Helios shares opened at $69.45, with the stock up 2.1%; it has a market capitalization of approximately $2.29 billion and trades at a P/E ratio of 21.20.
• The company exceeded quarterly earnings expectations, reporting $0.88 in EPS versus the $0.80 consensus, while revenue rose 9.1% year over year to $231.9 million. Institutional investors own 94.72% of the stock.

Helios Technologies (NYSE:HLIO - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Tuesday, Zacks reports.

Several other equities research analysts have also recently issued reports on the stock. KeyCorp lifted 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. Wall Street Zen downgraded shares of Helios Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Stifel Nicolaus upped their target price on shares of Helios Technologies from $93.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Weiss Ratings raised shares of Helios Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Helios Technologies from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.25.

Helios Technologies Stock Up 2.1%

Shares of HLIO opened at $69.45 on Tuesday. The business's 50 day moving average is $71.12 and its 200 day moving average is $75.90. The company has a market capitalization of $2.29 billion, a PE ratio of 21.20 and a beta of 1.30. Helios Technologies has a 12-month low of $48.99 and a 12-month high of $95.05. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35.

Helios Technologies (NYSE:HLIO - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. Helios Technologies had a return on equity of 11.43% and a net margin of 8.01%. The company had revenue of $231.90 million for the quarter. During the same period in the prior year, the firm posted $0.59 earnings per share. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. 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. Research analysts expect that Helios Technologies will post 3.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HLIO. BlackRock Inc. purchased a new stake in Helios Technologies during the second quarter valued at $231,414,000. Dimensional Fund Advisors LP grew its stake in shares of Helios Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,618,712 shares of the company's stock worth $104,743,000 after buying an additional 6,347 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Helios Technologies by 30.1% in the 1st quarter. Jennison Associates LLC now owns 1,035,977 shares of the company's stock worth $67,038,000 after buying an additional 239,876 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Helios Technologies in the 2nd quarter worth about $74,454,000. Finally, Wasatch Advisors LP increased its holdings in shares of Helios Technologies by 35.4% in the 1st quarter. Wasatch Advisors LP now owns 799,008 shares of the company's stock worth $51,704,000 after buying an additional 208,823 shares during the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Company Profile

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.

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