Victory Capital Management Inc. Purchases 18,356 Shares of Hillenbrand Inc (NYSE:HI)

Victory Capital Management Inc. raised its stake in shares of Hillenbrand Inc (NYSE:HI - Free Report) by 0.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 about 3.66% of Hillenbrand worth $62,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HI. CWM LLC lifted its position 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 buying an additional 608 shares during the last quarter. Bank of Montreal Can lifted its position in Hillenbrand by 6.1% in the 4th quarter. Bank of Montreal Can now owns 13,039 shares of the company's stock worth $401,000 after buying an additional 746 shares during the last quarter. Cetera Investment Advisers lifted its position in Hillenbrand by 8.8% in the 4th quarter. Cetera Investment Advisers now owns 9,574 shares of the company's stock worth $295,000 after buying an additional 773 shares during the last quarter. GAMMA Investing LLC lifted its position in Hillenbrand by 65.9% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $47,000 after buying an additional 781 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in Hillenbrand by 6.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 13,825 shares of the company's stock worth $334,000 after buying an additional 793 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HI. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th. DA Davidson lowered their price objective on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st.

Hillenbrand Stock Performance

HI stock traded up $0.73 during trading on Tuesday, reaching $21.95. The stock had a trading volume of 364,670 shares, compared to its average volume of 494,726. Hillenbrand Inc has a 52 week low of $18.36 and a 52 week high of $45.53. The stock's 50 day moving average is $20.84 and its two-hundred day moving average is $25.08. The company has a current ratio of 1.51, a quick ratio of 1.14 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.55 billion, a PE ratio of -5.76 and a beta of 1.46.

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

Hillenbrand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.10%. The ex-dividend date was Monday, June 16th. Hillenbrand's dividend payout ratio is presently -23.62%.

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.