Hillenbrand (NYSE:HI) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research has downgraded Hillenbrand from a "strong-buy" to a "hold" rating, reflecting concerns about the company's performance and outlook.
• The stock currently has a consensus price target of $32.00 and four analysts rating it as "Hold," indicating a cautious approach among investors.
• Despite a quarterly earnings beat with $0.51 EPS, Hillenbrand's revenue decreased by 23.9% year-over-year, raising questions about future growth potential.

Hillenbrand (NYSE:HI - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Hillenbrand in a research report on Wednesday. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $32.00.

Hillenbrand Stock Performance

HI opened at $25.82 on Wednesday. The business has a fifty day simple moving average of $24.61 and a 200 day simple moving average of $22.44. The company has a market capitalization of $1.82 billion, a PE ratio of -103.26 and a beta of 1.46. Hillenbrand has a 1 year low of $18.36 and a 1 year high of $35.59. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87.

Hillenbrand (NYSE:HI - Get Free Report) last released 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. The business had revenue of $598.90 million during the quarter, compared to the consensus estimate of $572.48 million. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.The firm's quarterly revenue was down 23.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. Research analysts expect that Hillenbrand will post 2.53 EPS for the current year.

Hedge Funds Weigh In On Hillenbrand

Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. raised its holdings in shares of Hillenbrand by 74.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,965 shares of the company's stock worth $40,000 after buying an additional 836 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Hillenbrand by 65.9% during 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 in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Hillenbrand by 29.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company's stock worth $49,000 after buying an additional 547 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Hillenbrand during the 1st quarter worth $84,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Hillenbrand by 622.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,729 shares of the company's stock worth $90,000 after buying an additional 3,213 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company's stock.

Hillenbrand Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.