Analyst Nathan Jones of Stifel Nicolaus maintained a Buy rating on Helios Technologies (HLIO – Research Report), retaining the price target of $60.00.
Nathan Jones has given his Buy rating due to a combination of factors including Helios Technologies’ solid performance in the fourth quarter of 2024, where revenue and adjusted EPS surpassed expectations despite a higher-than-expected tax rate. The company’s 2025 guidance, which aligns closely with consensus estimates, suggests a stable outlook amidst generally weak market conditions.
Additionally, the initiation of a $100 million share repurchase plan indicates management’s confidence in the company’s cash flow, although there is a preference for further deleveraging of the balance sheet before executing the buyback. The appointment of Mr. Bagan as CEO brings expectations for a clear vision and roadmap for growth, addressing past strategic challenges and operational execution. Overall, these factors contribute to a positive outlook for Helios Technologies, justifying the Buy rating.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HLIO in relation to earlier this year.