Hillenbrand’s (NYSE:HI) Outperform Rating Reiterated at FBR & Co
FBR & Co reissued their outperform rating on shares of Hillenbrand Inc (NYSE:HI) in a research note released on Tuesday, July 11th. FBR & Co also issued estimates for Hillenbrand’s FY2017 earnings at $2.02 EPS and FY2018 earnings at $2.17 EPS.
Separately, Zacks Investment Research raised Hillenbrand from a sell rating to a buy rating and set a $41.00 price objective for the company in a report on Monday, March 13th.
Hillenbrand (NYSE:HI) traded up 1.23% during mid-day trading on Tuesday, reaching $37.00. The company’s stock had a trading volume of 362,680 shares. Hillenbrand has a 12-month low of $28.60 and a 12-month high of $39.00. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 19.17 and a beta of 1.24. The firm’s 50 day moving average price is $36.14 and its 200 day moving average price is $36.46.
Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. Hillenbrand had a return on equity of 19.72% and a net margin of 7.87%. The business had revenue of $395.90 million for the quarter, compared to analyst estimates of $388.57 million. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Hillenbrand will post $2.06 earnings per share for the current year.
In related news, Director David Fennell bought 302,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $0.10 per share, for a total transaction of $30,200.00. Over the last 90 days, insiders acquired 807,000 shares of company stock valued at $79,350. 1.74% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Creative Planning increased its position in shares of Hillenbrand by 2.4% in the first quarter. Creative Planning now owns 5,657 shares of the company’s stock worth $203,000 after buying an additional 132 shares during the last quarter. Stifel Financial Corp increased its position in shares of Hillenbrand by 19.8% in the first quarter. Stifel Financial Corp now owns 306,137 shares of the company’s stock worth $10,978,000 after buying an additional 50,598 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Hillenbrand by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 510,155 shares of the company’s stock worth $18,290,000 after buying an additional 28,972 shares during the last quarter. Comerica Bank increased its position in shares of Hillenbrand by 5.0% in the first quarter. Comerica Bank now owns 71,775 shares of the company’s stock valued at $2,681,000 after buying an additional 3,410 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Hillenbrand during the first quarter valued at about $183,000. Institutional investors own 78.72% of the company’s stock.
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
Receive News & Stock Ratings for Hillenbrand Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand Inc and related stocks with our FREE daily email newsletter.