Zacks: Hillenbrand Inc (HI) Given Consensus Recommendation of “Buy” by Brokerages
Hillenbrand Inc (NYSE:HI) has been given an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a one year consensus price objective of $44.00 for the company, according to Zacks. Zacks has also given Hillenbrand an industry rank of 193 out of 265 based on the ratings given to its competitors.
HI has been the subject of several research analyst reports. Zacks Investment Research lowered Hillenbrand from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a report on Tuesday, July 11th. Finally, BidaskClub lowered Hillenbrand from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
Shares of Hillenbrand (HI) traded up 1.94% on Friday, hitting $36.80. The stock had a trading volume of 310,819 shares. The stock has a market cap of $2.32 billion, a PE ratio of 19.07 and a beta of 1.24. Hillenbrand has a 12 month low of $28.60 and a 12 month high of $39.00. The stock has a 50 day moving average of $36.18 and a 200-day moving average of $36.46.
Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The company had revenue of $395.90 million during the quarter, compared to analyst estimates of $388.57 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. Hillenbrand’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Hillenbrand will post $2.06 EPS for the current year.
In related news, Director David Fennell purchased 302,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $0.10 per share, with a total value of $30,200.00. Insiders have acquired 807,000 shares of company stock valued at $79,350 in the last three months. 1.74% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Hillenbrand by 157,614.4% in the first quarter. BlackRock Inc. now owns 7,772,165 shares of the company’s stock valued at $278,631,000 after buying an additional 7,767,237 shares in the last quarter. Vanguard Group Inc. raised its stake in Hillenbrand by 6.7% in the first quarter. Vanguard Group Inc. now owns 5,501,287 shares of the company’s stock valued at $197,221,000 after buying an additional 344,593 shares in the last quarter. Janus Capital Management LLC raised its stake in Hillenbrand by 153.9% in the first quarter. Janus Capital Management LLC now owns 2,052,612 shares of the company’s stock valued at $73,586,000 after buying an additional 1,244,197 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Hillenbrand by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,565,560 shares of the company’s stock valued at $56,125,000 after buying an additional 54,442 shares in the last quarter. Finally, State Street Corp raised its stake in Hillenbrand by 5.9% in the first quarter. State Street Corp now owns 1,451,269 shares of the company’s stock valued at $52,022,000 after buying an additional 80,769 shares in the last quarter. 78.95% of the stock is owned by institutional investors and hedge funds.
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Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
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