Matteo Arduini, President of Hydraulics, EMEA at Helios Applied sciences, Inc. (NYSE:), has just lately offered 4,000 shares of the corporate’s widespread inventory. The shares had been offered at a weighted common value of $53.98, leading to a complete transaction worth of roughly $215,920. Following this sale, Arduini holds 11,761 shares instantly. The transaction was executed on November 25, 2024, as per the SEC submitting.
In different latest information, Helios Applied sciences reported a blended Q3 monetary efficiency, noting a slight decline in gross sales however enhancements in gross margins and adjusted EBITDA margins. Q3 gross sales reached $195 million, marking a 3% year-over-year decline, whereas gross margins improved by 150 foundation factors to 11.4%, and adjusted EBITDA margins expanded to between 19.0% and 19.6%. Regardless of the challenges caused by hurricanes, the corporate maintained a powerful money place, standing at $47 million, and continued its dedication to debt discount and innovation.
The corporate’s full-year gross sales steering was adjusted to between $800 million and $805 million, reflecting market weak spot and the impacts of hurricanes. Helios additionally reported a lower in complete debt by 8% since FY 2023, with a internet debt to adjusted EBITDA leverage ratio of two.8x. The corporate plans to proceed its sturdy dividend historical past, with 111 consecutive quarters of payouts.
Regardless of a year-to-date decline in gross sales, Helios improved its gross and adjusted EBITDA margins. The corporate is optimistic about gaining market share and leveraging new product pipelines. In gentle of those latest developments, Helios Applied sciences is concentrated on advancing system answer alternatives, deepening buyer relationships, and bettering price effectivity by the combination of its companies.
InvestingPro Insights
As Matteo Arduini reduces his stake in Helios Applied sciences, Inc. (NYSE:HLIO), traders could discover extra context within the firm’s monetary metrics and market efficiency. In keeping with InvestingPro information, HLIO boasts a market capitalization of $1.73 billion and has demonstrated a powerful return during the last three months, with a value complete return of 21.47%.
Regardless of the latest insider sale, HLIO has maintained a constant observe document of dividend funds, an InvestingPro Tip reveals that the corporate has sustained dividend funds for 28 consecutive years. This dedication to shareholder returns is additional underscored by a present dividend yield of 0.68%.
From a valuation perspective, HLIO is buying and selling at a comparatively excessive earnings a number of, with a P/E ratio of 46.23. This might recommend that traders are pricing in future development expectations. Nonetheless, it is value noting that the corporate’s income development has been destructive, with a -2.2% decline within the final twelve months as of Q3 2024.
For these all for a extra complete evaluation, InvestingPro provides extra ideas and insights, with 7 extra ideas obtainable for HLIO on the platform. These insights may present useful context for understanding the corporate’s monetary well being and market place past the latest insider transaction.
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