Hillenbrand (NYSE:HI) Shares Gap Down to $35.99

Hillenbrand, Inc. (NYSE:HI)’s share price gapped down prior to trading on Monday . The stock had previously closed at $35.99, but opened at $34.75. Hillenbrand shares last traded at $34.39, with a volume of 33,641 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on HI. StockNews.com lowered Hillenbrand from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. KeyCorp began coverage on Hillenbrand in a report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 price objective on the stock. Finally, DA Davidson lowered shares of Hillenbrand from a “buy” rating to a “neutral” rating and lowered their price target for the company from $54.00 to $33.00 in a report on Monday. One 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 stock. According to data from MarketBeat.com, Hillenbrand presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

Hillenbrand Stock Up 2.2 %

The firm’s fifty day simple moving average is $41.38 and its two-hundred day simple moving average is $44.93. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 28.37 and a beta of 1.44. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.24.

Hillenbrand (NYSE:HI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $786.60 million for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. Sell-side analysts anticipate that Hillenbrand, Inc. will post 3.36 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HI. GAMMA Investing LLC raised its position in Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of Hillenbrand in the fourth quarter valued at $63,000. Summit Securities Group LLC purchased a new stake in shares of Hillenbrand in the 2nd quarter valued at $90,000. Innealta Capital LLC acquired a new position in Hillenbrand during the 2nd quarter worth about $93,000. Finally, LRI Investments LLC boosted its holdings in Hillenbrand by 15.0% during the 2nd quarter. LRI Investments LLC now owns 2,679 shares of the company’s stock valued at $107,000 after acquiring an additional 349 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.