Helios Technologies Hits New 52-Week Low - What to Expect

Helios Technologies, Inc. (NASDAQ:HLIO) saw its stock price drop to a new 52-week low on Monday, trading as low as $37.80 before closing at $38.21. The volume for the day was 35,684 shares, compared to a previous close of $39.45.

Market Insights and Predictions

Market analysts expect Helios Technologies to find support around its 50-day moving average as it heads into its earnings report scheduled for November 8.

Analyst Opinions on Price Targets

In a recent report, Stifel Nicolaus lowered its price target for Helios Technologies from $60.00 to $58.00 while maintaining a "buy" rating. This adjustment reflects analysts' cautious outlook following recent stock performance.

Stock Performance Overview

HLIO's stock has dropped 4.8%, standing below its moving averages of $43.37 and $46.09 for the 50-day and 200-day periods, respectively. The company's market capitalization is approximately $1.25 billion. Its price-to-earnings (PE) ratio stands at 33.23, and the beta value indicates relative stability at 0.87. Key financial ratios for Helios include a debt-to-equity ratio of 0.52, a quick ratio of 1.54, and a current ratio of 3.03.

Dividend Information

Helios Technologies recently announced a quarterly dividend of $0.09 per share, which was paid out to stockholders on January 20. This translates to an annualized dividend of $0.36, resulting in a yield of 0.96%. The payout ratio currently sits at 30.77%, indicating a healthy balance between returning profits to shareholders and retaining earnings for growth.

Share Buyback Initiatives

In light of recent performance, Helios Technologies approved a $100 million share buyback plan, allowing the company to repurchase up to 7.8% of its shares. This move typically signals that management believes the stock is undervalued and aims to enhance shareholder value.

Institutional Investor Activity

Institutional investors have been active in managing their stakes in Helios Technologies. Notably, Vaughan Nelson Investment Management increased its holdings by over 5,800% in the last quarter, now owning approximately 720,925 shares valued at around $32 million. Other institutions, including Thrivent Financial, Diamond Hill Capital Management, and Conestoga Capital Advisors, have also adjusted their positions significantly, indicating robust interest from institutional investors in HLIO, which is now primarily held (94.72%) by institutions.

About Helios Technologies

Helios Technologies provides engineered motion control and electronic control technology solutions across various markets, including the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through two segments: Hydraulics and Electronics. The hydraulics segment specializes in cartridge valve technology and hydraulic quick release coupling solutions for a range of industries.

Helios, Stocks, 52-week