Hillenbrand (NYSE:HI) Receives "Market Perform" Rating from CJS Securities

Key Points

• CJS Securities has downgraded Hillenbrand (NYSE:HI) from an "outperform" to a "market perform" rating, setting a price target of $32.00, which suggests a potential upside of 2.09% from the company's previous close.
• Other analysts, including Weiss Ratings and Zacks Research, have also issued ratings for Hillenbrand, with the consensus rating currently being a "Hold" along with an average target price of $32.00.
• Hillenbrand reported earnings of $0.51 per share in its last quarterly results, slightly beating estimates, but its revenue declined by 23.9% year-over-year.

Hillenbrand (NYSE:HI - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at CJS Securities in a research note issued to investors on Thursday, MarketBeat reports. They currently have a $32.00 target price on the stock. CJS Securities' target price would indicate a potential upside of 2.29% from the company's current price.

Several other research firms have also recently weighed in on HI. Weiss Ratings reiterated a "hold (c-)" rating on shares of Hillenbrand in a research report on Wednesday, October 8th. Zacks Research cut shares of Hillenbrand from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $34.67.

Hillenbrand Trading Down 0.1%

NYSE HI traded down $0.03 on Thursday, hitting $31.29. The company's stock had a trading volume of 4,020,478 shares, compared to its average volume of 717,078. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 1.23. Hillenbrand has a 1-year low of $18.36 and a 1-year high of $35.59. The company's 50-day moving average is $25.19 and its 200 day moving average is $22.48. The firm has a market cap of $2.21 billion, a PE ratio of -125.14 and a beta of 1.46.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Hillenbrand had a negative net margin of 0.63% and a positive return on equity of 13.53%. The firm had revenue of $598.90 million during the quarter, compared to analysts' expectations of $572.48 million. During the same period in the prior year, the company posted $0.85 EPS. The company's revenue was down 23.9% on a year-over-year basis. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. As a group, analysts predict that Hillenbrand will post 2.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hillenbrand

Several institutional investors have recently bought and sold shares of the stock. Clarkston Capital Partners LLC lifted its position in shares of Hillenbrand by 0.4% during the first quarter. Clarkston Capital Partners LLC now owns 3,760,951 shares of the company's stock valued at $90,789,000 after purchasing an additional 14,200 shares in the last quarter. Victory Capital Management Inc. raised its position in Hillenbrand by 0.7% in the first quarter. Victory Capital Management Inc. now owns 2,579,576 shares of the company's stock worth $62,271,000 after acquiring an additional 18,356 shares during the period. Channing Capital Management LLC raised its position in Hillenbrand by 224.0% in the first quarter. Channing Capital Management LLC now owns 2,173,373 shares of the company's stock worth $52,465,000 after acquiring an additional 1,502,548 shares during the period. Geode Capital Management LLC raised its position in Hillenbrand by 0.7% in the second quarter. Geode Capital Management LLC now owns 1,661,890 shares of the company's stock worth $33,359,000 after acquiring an additional 11,849 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Hillenbrand by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,142,805 shares of the company's stock worth $27,587,000 after acquiring an additional 57,987 shares during the period. Institutional investors own 89.09% of the company's stock.

About Hillenbrand

Hillenbrand, Inc operates as an industrial company in the United States and internationally. The company operates through two segments, Advanced Process Solutions and Molding Technology Solutions. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, equipment system design services, as well as offers mixing technology, ingredient automation, and portion process; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials.