Hillenbrand (NYSE:HI) Hits New 12-Month Low at $32.88

Hillenbrand, Inc. (NYSE:HI)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $32.88 and last traded at $32.90, with a volume of 99911 shares. The stock had previously closed at $34.04.

Analysts Set New Price Targets

Several equities analysts have issued reports on HI shares. DA Davidson downgraded Hillenbrand from a “buy” rating to a “neutral” rating and cut their price objective for the company from $54.00 to $33.00 in a research report on Monday, August 12th. StockNews.com lowered shares of Hillenbrand from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, KeyCorp began coverage on shares of Hillenbrand in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Hillenbrand Trading Down 1.9 %

The company has a market capitalization of $2.30 billion, a P/E ratio of 27.30 and a beta of 1.44. The business has a 50 day moving average price of $40.00 and a 200 day moving average price of $44.29. The company has a current ratio of 1.34, a quick ratio of 0.86 and a debt-to-equity ratio of 1.24.

Hillenbrand (NYSE:HI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $786.60 million during the quarter, compared to analyst estimates of $818.16 million. Hillenbrand had a net margin of 2.79% and a return on equity of 14.75%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. Analysts anticipate that Hillenbrand, Inc. will post 3.36 EPS for the current year.

Hedge Funds Weigh In On Hillenbrand

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Hillenbrand by 58.2% during the 2nd quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Hillenbrand in the fourth quarter valued at $63,000. Summit Securities Group LLC bought a new position in Hillenbrand in the second quarter valued at $90,000. Innealta Capital LLC acquired a new stake in Hillenbrand in the 2nd quarter valued at $93,000. Finally, LRI Investments LLC bought a new stake in Hillenbrand during the 1st quarter worth about $117,000. 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.