StockNews.com Downgrades Hillenbrand (NYSE:HI) to Hold

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

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

Hillenbrand Stock Down 0.5 %

Shares of NYSE:HI opened at $31.30 on Thursday. The firm has a market capitalization of $2.20 billion, a P/E ratio of -10.47 and a beta of 1.43. The stock has a 50 day moving average price of $32.47 and a 200-day moving average price of $31.91. Hillenbrand has a 52-week low of $25.11 and a 52-week 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.

Hillenbrand (NYSE:HI) last released its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. During the same quarter last year, the business earned $0.69 earnings per share. As a group, equities research analysts anticipate that Hillenbrand will post 3.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new stake in Hillenbrand during the 2nd quarter valued at $394,000. The Manufacturers Life Insurance Company increased its position in Hillenbrand by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 37,639 shares of the company’s stock valued at $1,506,000 after acquiring an additional 1,366 shares during the last quarter. Algert Global LLC bought a new position in Hillenbrand in the second quarter valued at about $283,000. Creative Planning boosted its holdings in shares of Hillenbrand by 9.3% in the second quarter. Creative Planning now owns 26,533 shares of the company’s stock worth $1,062,000 after buying an additional 2,259 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Hillenbrand by 78.4% during the third quarter. SG Americas Securities LLC now owns 31,937 shares of the company’s stock valued at $888,000 after buying an additional 14,034 shares during the last quarter. 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.