Hillenbrand Inc (NYSE:HI - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $20.60 and traded as high as $20.90. Hillenbrand shares last traded at $20.61, with a volume of 351,521 shares changing hands.
Analysts Set New Price Targets
A number of brokerages recently issued reports on HI. DA Davidson lowered their price target on Hillenbrand from $33.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. KeyCorp cut shares of Hillenbrand from an "overweight" rating to a "sector weight" rating in a research report on Thursday, May 8th.
View Our Latest Stock Report on Hillenbrand
Hillenbrand Stock Up 2.6%
The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.14 and a current ratio of 1.51. The business's 50 day moving average is $20.60 and its 200-day moving average is $26.23. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -5.41 and a beta of 1.47.
Hillenbrand (NYSE:HI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.60 earnings per share (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 company had revenue of $715.90 million for the quarter, compared to analysts' expectations of $691.00 million. During the same period in the previous year, the firm posted $0.76 EPS. Hillenbrand's revenue was down 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Hillenbrand Inc will post 2.53 EPS for the current fiscal year.
Hillenbrand Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.225 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.90 dividend on an annualized basis and a yield of 4.37%. Hillenbrand's payout ratio is currently -23.62%.
Institutional Investors Weigh In On Hillenbrand
Large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd acquired a new position in Hillenbrand during the fourth quarter worth $42,000. Sterling Capital Management LLC raised its holdings in shares of Hillenbrand by 712.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,520 shares of the company's stock worth $47,000 after acquiring an additional 1,333 shares during the period. GAMMA Investing LLC boosted its position in shares of Hillenbrand by 65.9% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $47,000 after acquiring an additional 781 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Hillenbrand by 161.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,842 shares of the company's stock valued at $57,000 after purchasing an additional 1,138 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Hillenbrand during the first quarter worth about $84,000. Hedge funds and other institutional investors own 89.09% of the company's stock.
About Hillenbrand
(
Get Free Report)
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.
See Also
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.
Before you consider Hillenbrand, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hillenbrand wasn't on the list.
While Hillenbrand currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
