Hillenbrand (NYSE:HI) Given New $24.00 Price Target at DA Davidson

Hillenbrand (NYSE:HI) had its price target reduced by DA Davidson from $33.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock. DA Davidson also issued estimates for Hillenbrand’s FY2026 earnings at $2.58 EPS.

Separately, StockNews.com cut Hillenbrand from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Hillenbrand Stock Up 2.2 %

NYSE HI opened at $21.31 on Thursday. Hillenbrand has a 52 week low of $18.36 and a 52 week high of $46.92. The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $1.50 billion, a P/E ratio of -6.79 and a beta of 1.56. The stock’s 50-day moving average price is $23.91 and its 200-day moving average price is $29.11.

Hillenbrand (NYSE:HI) last released its earnings results on Tuesday, April 29th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $715.90 million for the quarter, compared to analysts’ expectations of $691.00 million. Hillenbrand had a negative net margin of 7.12% and a positive return on equity of 15.00%. The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. On average, equities research analysts predict that Hillenbrand will post 2.53 earnings per share for the current year.

Hillenbrand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 4.22%. Hillenbrand’s payout ratio is -23.62%.

Institutional Trading of Hillenbrand

Several hedge funds have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Hillenbrand in the fourth quarter worth about $27,000. YANKCOM Partnership purchased a new stake in shares of Hillenbrand during the 4th quarter worth approximately $30,000. GAMMA Investing LLC boosted its position in shares of Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock valued at $36,000 after acquiring an additional 614 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Hillenbrand in the fourth quarter valued at $42,000. Finally, Sterling Capital Management LLC increased its position in Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company’s stock worth $47,000 after purchasing an additional 1,333 shares during the last quarter. Hedge funds and other institutional investors 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.