On March 31, 2023,
CJS Securities
initiated coverage of Helios Technologies with
a Outperform recommendation.
Analyst Price Forecast Suggests 21.26% Upside
As of March 30, 2023,
the average one-year price target for Helios Technologies is $79.30.
The forecasts range from a low of $74.74 to a high of $84.00.
The average price target represents an increase of 21.26% from its latest reported closing price of $65.40.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Helios Technologies
is $864MM, a decrease of 2.43%.
The projected annual non-GAAP EPS
is $3.51.
Helios Technologies Declares $0.09 Dividend
On March 9, 2023 the company declared a regular
quarterly dividend of $0.09 per share ($0.36 annualized).
Shareholders of record as of April 5, 2023
will receive the payment on April 20, 2023.
Previously, the company paid $0.09 per share.
At the current share price of $65.40 / share,
the stock’s dividend yield is 0.55%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.71%,
the lowest has been 0.33%,
and the highest has been 1.21%.
The standard deviation of yields is 0.20 (n=235).
The current dividend yield is
0.79 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.12.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What are Large Shareholders Doing?
Wasatch Advisors
holds 4,620K shares
representing 14.18% ownership of the company.
In it’s prior filing, the firm reported owning 4,614K shares, representing
an increase
of 0.14%.
The firm
increased
its portfolio allocation in HLIO by 4.37% over the last quarter.
Brown Capital Management
holds 2,994K shares
representing 9.19% ownership of the company.
In it’s prior filing, the firm reported owning 2,936K shares, representing
an increase
of 1.94%.
The firm
increased
its portfolio allocation in HLIO by 29.45% over the last quarter.
T. Rowe Price Investment Management
holds 2,972K shares
representing 9.12% ownership of the company.
In it’s prior filing, the firm reported owning 2,638K shares, representing
an increase
of 11.24%.
The firm
increased
its portfolio allocation in HLIO by 16.43% over the last quarter.
BCSIX – The Brown Capital Management Small Company Fund Investor Shares
holds 1,744K shares
representing 5.35% ownership of the company.
In it’s prior filing, the firm reported owning 1,597K shares, representing
an increase
of 8.43%.
The firm
increased
its portfolio allocation in HLIO by 38.82% over the last quarter.
Conestoga Capital Advisors
holds 1,556K shares
representing 4.77% ownership of the company.
In it’s prior filing, the firm reported owning 1,560K shares, representing
a decrease
of 0.30%.
The firm
increased
its portfolio allocation in HLIO by 2.58% over the last quarter.
What is the Fund Sentiment?
There are 386 funds or institutions reporting positions in Helios Technologies.
This is a decrease
of
7
owner(s) or 1.78% in the last quarter.
Average portfolio weight of all funds dedicated to HLIO is 0.26%,
an increase
of 0.16%.
Total shares owned by institutions decreased
in the last three months by 0.34% to 36,404K shares.
The put/call ratio of HLIO is 0.38, indicating a
bullish
outlook.
Helios Technologies Background Information
(This description is provided by the company.)
Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. Helios sells its products to customers in over 85 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
