Hillenbrand (NYSE:HI) Shares Gap Up - What's Next?

Key Points

• Hillenbrand's stock price jumped from a closing price of $26.49 to an opening price of $31.41, with a last traded price of $31.34 and strong trading volume of 7,589,200 shares.
• Analysts have rated Hillenbrand with an average rating of "Hold" and a price target of $32.00, with Weiss Ratings reaffirming a hold rating and Zacks downgrading it from "strong-buy" to "hold."
• The company recently announced a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 and a dividend yield of 2.9%.

Hillenbrand Inc (NYSE:HI - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $26.49, but opened at $31.41. Hillenbrand shares last traded at $31.34, with a volume of 7,589,200 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HI. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Hillenbrand in a research report on Wednesday, October 8th. Zacks Research cut Hillenbrand from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hillenbrand has an average rating of "Hold" and an average price target of $32.00.

Hillenbrand Trading Up 18.0%

The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -124.98 and a beta of 1.46. The firm has a 50-day moving average of $24.95 and a 200 day moving average of $22.42.

Hillenbrand (NYSE:HI - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.The firm had revenue of $598.90 million during the quarter, compared to the consensus estimate of $572.48 million. During the same period in the prior year, the business earned $0.85 EPS. The business's revenue for the quarter 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, equities analysts predict that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.

Hillenbrand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Hillenbrand's dividend payout ratio (DPR) is presently -360.00%.

Hedge Funds Weigh In On Hillenbrand

A number of institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund Corp increased its stake in shares of Hillenbrand by 32.1% in the second quarter. Texas Permanent School Fund Corp now owns 43,067 shares of the company's stock worth $864,000 after purchasing an additional 10,472 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of Hillenbrand by 4.1% in the second quarter. Valeo Financial Advisors LLC now owns 75,549 shares of the company's stock worth $1,516,000 after purchasing an additional 3,002 shares during the period. Osaic Holdings Inc. increased its stake in shares of Hillenbrand by 74.0% in the second quarter. Osaic Holdings Inc. now owns 1,965 shares of the company's stock worth $40,000 after purchasing an additional 836 shares during the period. Public Sector Pension Investment Board increased its stake in Hillenbrand by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 239,799 shares of the company's stock valued at $4,813,000 after acquiring an additional 16,483 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Hillenbrand by 266.2% during the second quarter. Tower Research Capital LLC TRC now owns 12,671 shares of the company's stock valued at $254,000 after acquiring an additional 9,211 shares during the period. 89.09% of the stock is currently owned by institutional investors.

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.

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