Equities research analysts at Buckingham Research initiated coverage on shares of Hillenbrand (NYSE:HI) in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm set a “buy” rating and a $53.00 price target on the stock. Buckingham Research’s price objective suggests a potential upside of 37.09% from the company’s previous close.
Shares of HI opened at $38.66 on Thursday. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 15.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.92 and a current ratio of 1.29. Hillenbrand has a 1 year low of $36.22 and a 1 year high of $53.41.
Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, May 1st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm had revenue of $464.60 million for the quarter, compared to analyst estimates of $444.60 million. Hillenbrand had a return on equity of 20.21% and a net margin of 8.17%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Research analysts anticipate that Hillenbrand will post 2.53 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in HI. Renaissance Technologies LLC boosted its stake in shares of Hillenbrand by 514.8% during the third quarter. Renaissance Technologies LLC now owns 76,848 shares of the company’s stock valued at $4,019,000 after purchasing an additional 64,348 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Hillenbrand by 51.8% during the third quarter. AQR Capital Management LLC now owns 37,758 shares of the company’s stock valued at $1,975,000 after purchasing an additional 12,892 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Hillenbrand by 2.5% during the third quarter. Teachers Advisors LLC now owns 607,915 shares of the company’s stock valued at $31,794,000 after purchasing an additional 14,878 shares in the last quarter. Morgan Stanley boosted its stake in shares of Hillenbrand by 16.3% during the third quarter. Morgan Stanley now owns 441,764 shares of the company’s stock valued at $23,105,000 after purchasing an additional 61,931 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Hillenbrand by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 20,862 shares of the company’s stock valued at $791,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 77.30% of the company’s stock.
Hillenbrand, Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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