Hillenbrand, Inc. (NYSE:HI – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 1,840,000 shares, a decline of 12.4% from the June 15th total of 2,100,000 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average daily volume of 347,500 shares, the short-interest ratio is currently 5.3 days.
Analyst Ratings Changes
Separately, KeyCorp initiated coverage on Hillenbrand in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 target price for the company.
View Our Latest Research Report on HI
Insiders Place Their Bets
Hedge Funds Weigh In On Hillenbrand
Several large investors have recently made changes to their positions in HI. GAMMA Investing LLC grew its stake in Hillenbrand by 58.2% during the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Hillenbrand during the fourth quarter valued at about $63,000. LRI Investments LLC bought a new stake in shares of Hillenbrand in the first quarter worth about $117,000. Greenleaf Trust purchased a new stake in shares of Hillenbrand in the first quarter worth about $200,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Hillenbrand in the fourth quarter worth about $203,000. 89.09% of the stock is currently owned by hedge funds and other institutional investors.
Hillenbrand Stock Performance
Shares of NYSE HI traded up $0.35 during midday trading on Monday, hitting $43.03. 358,156 shares of the company’s stock traded hands, compared to its average volume of 325,494. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.86 and a current ratio of 1.34. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 35.56 and a beta of 1.44. The firm has a fifty day moving average of $42.75 and a 200 day moving average of $45.57. Hillenbrand has a 1 year low of $37.19 and a 1 year high of $53.29.
Hillenbrand (NYSE:HI – Get Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Hillenbrand had a return on equity of 14.75% and a net margin of 2.79%. The company had revenue of $785.30 million for the quarter, compared to analysts’ expectations of $801.55 million. During the same period last year, the firm earned $0.74 EPS. Hillenbrand’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts forecast that Hillenbrand will post 3.36 earnings per share for the current year.
Hillenbrand Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.222 dividend. This represents a $0.89 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, June 14th. Hillenbrand’s dividend payout ratio is currently 73.55%.
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.
See Also
- Five stocks we like better than Hillenbrand
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Automaker’s Bold Move to an EV Future: Is It Time to Buy Stock?
- How to Buy Cheap Stocks Step by Step
- Massive Breakout: This ETF Signals Big Gains for Small-Cap Stocks
- 10 Best Airline Stocks to Buy
- Major Gaming Stock to Watch: Why It’s a Safe Bet Now
Receive News & Ratings for Hillenbrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand and related companies with MarketBeat.com's FREE daily email newsletter.