Hillenbrand (NYSE:HI) Upgraded at StockNews.com

Hillenbrand (NYSE:HI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other equities research analysts also recently issued reports about the company. DA Davidson reaffirmed a “neutral” rating and set a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. KeyCorp lowered their target price on shares of Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th.

Hillenbrand Trading Down 1.3 %

Shares of Hillenbrand stock opened at $30.63 on Thursday. The company’s fifty day moving average is $31.16 and its two-hundred day moving average is $33.71. Hillenbrand has a 1 year low of $25.11 and a 1 year high of $50.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 1.27. The company has a market capitalization of $2.15 billion, a P/E ratio of -10.24 and a beta of 1.43.

Hillenbrand (NYSE:HI) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.08. The firm had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. Hillenbrand had a positive return on equity of 14.86% and a negative net margin of 6.63%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. Analysts forecast that Hillenbrand will post 3.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in shares of Hillenbrand by 2.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,873,289 shares of the company’s stock worth $79,877,000 after purchasing an additional 66,741 shares during the period. State Street Corp grew its position in Hillenbrand by 0.7% during the third quarter. State Street Corp now owns 2,739,689 shares of the company’s stock worth $76,163,000 after buying an additional 19,546 shares during the period. Dimensional Fund Advisors LP increased its holdings in Hillenbrand by 13.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,184,077 shares of the company’s stock valued at $87,408,000 after buying an additional 253,730 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Hillenbrand by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,602,744 shares of the company’s stock valued at $44,565,000 after acquiring an additional 6,682 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Hillenbrand by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 978,953 shares of the company’s stock worth $27,215,000 after acquiring an additional 48,390 shares in the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.

About Hillenbrand

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.