Victory Capital Management Inc. Has $62.27 Million Holdings in Hillenbrand Inc (NYSE:HI)

Victory Capital Management Inc. increased its position in Hillenbrand Inc (NYSE:HI - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,579,576 shares of the company's stock after buying an additional 18,356 shares during the quarter. Victory Capital Management Inc. owned 3.66% of Hillenbrand worth $62,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CWM LLC increased its holdings in Hillenbrand by 6.4% in the 1st quarter. CWM LLC now owns 10,063 shares of the company's stock worth $243,000 after acquiring an additional 608 shares in the last quarter. Bank of Montreal Can increased its stake in Hillenbrand by 6.1% in the fourth quarter. Bank of Montreal Can now owns 13,039 shares of the company's stock worth $401,000 after purchasing an additional 746 shares during the period. Cetera Investment Advisers increased its stake in shares of Hillenbrand by 8.8% during the fourth quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock valued at $295,000 after buying an additional 773 shares during the period. GAMMA Investing LLC grew its stake in Hillenbrand by 65.9% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after purchasing an additional 781 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Hillenbrand by 6.1% during the first quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company's stock worth $334,000 after purchasing an additional 793 shares during the period. Institutional investors own 89.09% of the company's stock.

Hillenbrand Price Performance

Shares of HI traded down $0.21 during trading hours on Friday, hitting $21.41. 352,703 shares of the company were exchanged, compared to its average volume of 494,895. The company has a market capitalization of $1.51 billion, a PE ratio of -5.62 and a beta of 1.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.51 and a quick ratio of 1.14. The firm has a fifty day simple moving average of $20.87 and a 200-day simple moving average of $25.19. Hillenbrand Inc has a one year low of $18.36 and a one year high of $45.53.

Hillenbrand (NYSE:HI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. The company had revenue of $715.90 million for the quarter, compared to analyst estimates of $691.00 million. Hillenbrand had a positive return on equity of 15.03% and a negative net margin of 8.82%. The business's revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. As a group, sell-side analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Monday, June 16th. Hillenbrand's dividend payout ratio (DPR) is -23.62%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HI. DA Davidson decreased their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. KeyCorp cut Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th.

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.