Hillenbrand (HI) Reaches New 12-Month High at $46.15
Hillenbrand Inc (NYSE:HI) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $46.15 and last traded at $44.85, with a volume of 745000 shares traded. The stock had previously closed at $44.85.
Several research analysts have recently commented on the company. B. Riley reissued a “buy” rating on shares of Hillenbrand in a research report on Wednesday, November 1st. Capital One Financial started coverage on Hillenbrand in a research report on Monday, October 23rd. They set an “equal weight” rating on the stock. Finally, Zacks Investment Research lowered Hillenbrand from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $50.00.
The company has a market cap of $2,826.59, a PE ratio of 21.36 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, November 15th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.04. Hillenbrand had a return on equity of 19.26% and a net margin of 7.94%. The company had revenue of $442.90 million for the quarter, compared to analyst estimates of $427.45 million. During the same period in the prior year, the company posted $0.58 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. sell-side analysts expect that Hillenbrand Inc will post 2.23 EPS for the current fiscal year.
In other news, insider Joe Anthony Raver sold 34,565 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $43.25, for a total value of $1,494,936.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Diane R. Bohman sold 6,873 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $43.50, for a total value of $298,975.50. Following the completion of the transaction, the senior vice president now directly owns 36,544 shares in the company, valued at $1,589,664. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.
Several hedge funds have recently made changes to their positions in HI. Teachers Advisors LLC boosted its stake in shares of Hillenbrand by 3.2% in the first quarter. Teachers Advisors LLC now owns 100,336 shares of the company’s stock worth $3,597,000 after buying an additional 3,150 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Hillenbrand by 5.5% in the second quarter. Aperio Group LLC now owns 19,735 shares of the company’s stock worth $712,000 after buying an additional 1,030 shares during the last quarter. Strs Ohio boosted its stake in shares of Hillenbrand by 50.0% in the second quarter. Strs Ohio now owns 3,000 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Hillenbrand by 4.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,040 shares of the company’s stock worth $543,000 after buying an additional 630 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Hillenbrand by 1.6% in the second quarter. Great West Life Assurance Co. Can now owns 91,647 shares of the company’s stock worth $3,303,000 after buying an additional 1,400 shares during the last quarter. 76.36% of the stock is currently owned by institutional investors and hedge funds.
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Hillenbrand Company Profile
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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