Hillenbrand (NYSE:HI) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Hillenbrand Inc (NYSE:HI - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Wall Street Analyst Weigh In

HI has been the topic of several recent research reports. DA Davidson lowered their price target on shares of Hillenbrand from $33.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. KeyCorp downgraded Hillenbrand from an "overweight" rating to a "sector weight" rating in a research note on Thursday, May 8th.

Hillenbrand Stock Down 1.6%

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 firm has a market cap of $1.42 billion, a price-to-earnings ratio of -5.28 and a beta of 1.47. The business's 50 day moving average price is $20.59 and its 200 day moving average price is $25.96.

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

Hillenbrand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.225 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.90 annualized dividend and a dividend yield of 4.48%. Hillenbrand's dividend payout ratio is presently -23.62%.

Hedge Funds Weigh In On Hillenbrand

A number of large investors have recently bought and sold shares of the business. Voya Investment Management LLC increased its position in shares of Hillenbrand by 141.1% in the first quarter. Voya Investment Management LLC now owns 51,415 shares of the company's stock valued at $1,241,000 after buying an additional 30,092 shares in the last quarter. Inspire Investing LLC grew its stake in Hillenbrand by 8.4% in the 1st quarter. Inspire Investing LLC now owns 14,126 shares of the company's stock valued at $341,000 after acquiring an additional 1,096 shares during the period. Intech Investment Management LLC increased its holdings in Hillenbrand by 13.0% in the 1st quarter. Intech Investment Management LLC now owns 52,139 shares of the company's stock worth $1,259,000 after acquiring an additional 5,993 shares in the last quarter. Jane Street Group LLC increased its holdings in Hillenbrand by 407.1% in the 1st quarter. Jane Street Group LLC now owns 95,276 shares of the company's stock worth $2,300,000 after acquiring an additional 76,487 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Hillenbrand by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,847 shares of the company's stock worth $4,559,000 after acquiring an additional 8,081 shares during the period. 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.