Hillenbrand (NYSE:HI) Downgraded by DA Davidson

Hillenbrand (NYSE:HI) was downgraded by DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, MarketBeat.com reports. They currently have a $33.00 target price on the stock, down from their prior target price of $54.00. DA Davidson’s price target points to a potential downside of 3.87% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. KeyCorp assumed coverage on Hillenbrand in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price objective for the company. StockNews.com cut Hillenbrand from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.00.

Hillenbrand Price Performance

HI stock opened at $34.33 on Monday. The business has a fifty day moving average of $41.38 and a two-hundred day moving average of $44.93. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.24. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 28.26 and a beta of 1.44. Hillenbrand has a 52-week low of $33.20 and a 52-week high of $50.58.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Hillenbrand during the 4th quarter worth about $63,000. Summit Securities Group LLC purchased a new stake in Hillenbrand during the 2nd quarter worth about $90,000. Innealta Capital LLC purchased a new stake in Hillenbrand during the 2nd quarter worth about $93,000. Finally, LRI Investments LLC lifted its holdings in Hillenbrand by 15.0% during the 2nd quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock worth $107,000 after buying an additional 349 shares during 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.