Hillenbrand (NYSE:HI) Lowered to “Sell” at StockNews.com

Hillenbrand (NYSE:HI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other analysts have also recently commented on HI. KeyCorp started coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price objective for the company. DA Davidson downgraded shares of Hillenbrand from a “buy” rating to a “neutral” rating and dropped their target price for the company from $54.00 to $33.00 in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Hillenbrand Stock Up 1.9 %

Shares of NYSE HI opened at $33.44 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.24. Hillenbrand has a 52 week low of $32.65 and a 52 week high of $50.58. The firm has a 50-day moving average price of $40.00 and a 200 day moving average price of $44.29. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 27.64 and a beta of 1.44.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The firm had revenue of $786.60 million during the quarter, compared to analysts’ expectations of $818.16 million. During the same quarter last year, the business earned $0.95 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Hillenbrand will post 3.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillenbrand

Several hedge funds have recently added to or reduced their stakes in HI. GAMMA Investing LLC grew its holdings in shares of Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after buying an additional 262 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Hillenbrand during the fourth quarter worth about $63,000. Summit Securities Group LLC purchased a new stake in shares of Hillenbrand during the second quarter worth about $90,000. Innealta Capital LLC purchased a new stake in shares of Hillenbrand during the second quarter worth about $93,000. Finally, LRI Investments LLC grew its holdings in shares of Hillenbrand by 15.0% during the second quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock worth $107,000 after buying an additional 349 shares in the last quarter. 89.09% of the stock is currently owned by hedge funds and other 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.