Hillenbrand (HI) Stock Forecast, Price & News

Hillenbrand's stock was trading at $42.67 at the start of the year. Since then, HI stock has increased by 13.9% and is now trading at $48.60.
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Hillenbrand saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,170,000 shares, an increase of 6.4% from the April 15th total of 1,100,000 shares. Based on an average daily trading volume, of 370,800 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.7% of the shares of the company are sold short.
View Hillenbrand's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our HI earnings forecast.

Hillenbrand, Inc. (NYSE:HI) announced its earnings results on Monday, May, 8th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm earned $691 million during the quarter, compared to the consensus estimate of $675.20 million. Hillenbrand had a net margin of 21.79% and a trailing twelve-month return on equity of 18.78%. Hillenbrand's quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share.

Hillenbrand declared a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Friday, June 16th will be given a dividend of $0.22 per share on Friday, June 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for HI.

ETFs with the largest weight of Hillenbrand (NYSE:HI) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Dividend Performers ETF (IPDP), Invesco S&P SmallCap Quality ETF (XSHQ), ProShares Russell 2000 Dividend Growers ETF (SMDV), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), SPDR S&P 600 Small Cap Growth ETF (SLYG), iShares S&P Small-Cap 600 Growth ETF (IJT) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Hillenbrand (NYSE:HI) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.81%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 10.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HI will have a dividend payout ratio of 23.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HI.

Hillenbrand issued an update on its FY23 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of $3.30-$3.50 for the period, compared to the consensus estimate of $3.44. The company issued revenue guidance of $2.81-$2.86 billion, compared to the consensus revenue estimate of $2.80 billion.

11 employees have rated Hillenbrand Chief Executive Officer Joe Raver on Glassdoor.com. Joe Raver has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hillenbrand investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), Kroger (KR), Pfizer (PFE), Target (TGT), Abbott Laboratories (ABT), General Mills (GIS), Verizon Communications (VZ) and Cisco Systems (CSCO).

Hillenbrand trades on the New York Stock Exchange (NYSE) under the ticker symbol "HI."

Hillenbrand's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.33%), FMR LLC (3.58%), State Street Corp (3.47%), LSV Asset Management (3.17%), Victory Capital Management Inc. (2.93%) and Channing Capital Management LLC (2.35%). Insiders that own company stock include Christopher H Trainor, J Michael Whitted, Joe Anthony Raver, Kimberly K Ryan, Megan A Walke, Michael M Jones, Nicholas R Farrell and Robert M Vanhimbergen.
View institutional ownership trends.

Shares of HI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HI stock can currently be purchased for approximately $48.60.

Hillenbrand (NYSE:HI) has a market capitalization of $3.38 billion and generates $2.94 billion in revenue each year. The company earns $208.90 million in net income (profit) each year or $8.74 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Hillenbrand's mailing address is ONE BATESVILLE BOULEVARD, BATESVILLE IN, 47006. The official website for the company is www.hillenbrand.com. The company can be reached via phone at (812) 934-7000, via email at rich.dudley@hillenbrand.com, or via fax at 812-934-7613.