Zacks Investment Research Lowers Hill International Inc. (HIL) to Sell
Hill International Inc. (NYSE:HIL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Hill International provides program management, project management, construction management and construction claims and consulting services to clients worldwide, but primarily in the United States, Europe, the Middle East/North Africa and Asia/Pacific. It operates through two segments, Project Management and Construction Claims. The former segment provides fee-based construction management services. Its services include program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, estimating and cost management, project labor agreements, and management consulting. The latter segment advises its clients in order to assist them in preventing or resolving claims and disputes based upon schedule delays, cost overruns, and other problems on construction projects. The company’s clients primarily consist of the United States and other national governments, state and local governments, agencies, and clients in the private sector. “
Shares of Hill International (NYSE:HIL) traded down 0.68% during mid-day trading on Wednesday, reaching $4.40. 37,557 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $4.44 and a 200 day moving average of $4.18. The firm has a market capitalization of $227.69 million, a P/E ratio of 47.31 and a beta of 1.00. Hill International has a one year low of $2.62 and a one year high of $4.68.
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Hill International (NYSE:HIL) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.06. Hill International had a net margin of 0.66% and a return on equity of 8.00%. The business had revenue of $175.60 million for the quarter, compared to the consensus estimate of $174.50 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. On average, analysts forecast that Hill International will post $0.27 EPS for the current fiscal year.
In other Hill International news, major shareholder Irvin E. Richter sold 6,757 shares of the stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $4.50, for a total transaction of $30,406.50. Following the transaction, the insider now directly owns 4,740,905 shares in the company, valued at $21,334,072.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Irvin E. Richter sold 7,278 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $4.16, for a total transaction of $30,276.48. Following the transaction, the chairman now owns 4,796,528 shares in the company, valued at $19,953,556.48. The disclosure for this sale can be found here. Company insiders own 25.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. AXA acquired a new position in shares of Hill International during the first quarter worth approximately $263,000. Springbok Capital Management LLC boosted its position in shares of Hill International by 37.6% in the first quarter. Springbok Capital Management LLC now owns 102,800 shares of the company’s stock valued at $346,000 after buying an additional 28,100 shares in the last quarter. Menta Capital LLC boosted its position in shares of Hill International by 45.1% in the first quarter. Menta Capital LLC now owns 103,722 shares of the company’s stock valued at $350,000 after buying an additional 32,251 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Hill International by 1.6% in the second quarter. BlackRock Investment Management LLC now owns 146,642 shares of the company’s stock valued at $597,000 after buying an additional 2,239 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Hill International by 13.7% in the first quarter. State Street Corp now owns 382,494 shares of the company’s stock valued at $1,289,000 after buying an additional 46,078 shares in the last quarter. Institutional investors and hedge funds own 48.90% of the company’s stock.
Hill International Company Profile
Hill International, Inc (Hill) is a professional services firm. The Company provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. The Company operates in two segments: Project Management Group and Construction Claims Group.
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