Victory Capital Management Inc. Acquires 1,403 Shares of Hillenbrand Inc (HI)
Victory Capital Management Inc. raised its holdings in Hillenbrand Inc (NYSE:HI) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,804 shares of the company’s stock after purchasing an additional 1,403 shares during the quarter. Victory Capital Management Inc.’s holdings in Hillenbrand were worth $679,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Virginia Retirement Systems ET AL increased its stake in Hillenbrand by 276.4% in the second quarter. Virginia Retirement Systems ET AL now owns 27,100 shares of the company’s stock valued at $978,000 after purchasing an additional 19,900 shares during the period. BNP Paribas Arbitrage SA increased its stake in Hillenbrand by 68.7% in the second quarter. BNP Paribas Arbitrage SA now owns 22,101 shares of the company’s stock valued at $798,000 after purchasing an additional 8,997 shares during the period. Bernzott Capital Advisors increased its stake in Hillenbrand by 4.8% in the second quarter. Bernzott Capital Advisors now owns 640,542 shares of the company’s stock valued at $23,124,000 after purchasing an additional 29,425 shares during the period. Legal & General Group Plc increased its stake in Hillenbrand by 7.0% in the second quarter. Legal & General Group Plc now owns 141,267 shares of the company’s stock valued at $5,100,000 after purchasing an additional 9,234 shares during the period. Finally, Rhumbline Advisers increased its stake in Hillenbrand by 2.5% in the second quarter. Rhumbline Advisers now owns 123,626 shares of the company’s stock valued at $4,463,000 after purchasing an additional 3,059 shares during the period. Institutional investors own 76.00% of the company’s stock.
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In other news, Director David Fennell acquired 302,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average cost of $0.10 per share, for a total transaction of $30,200.00. Over the last quarter, insiders purchased 497,000 shares of company stock worth $48,350. 1.74% of the stock is currently owned by insiders.
Hillenbrand Inc (NYSE:HI) opened at 36.70 on Monday. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.00. The stock’s 50 day moving average is $35.93 and its 200-day moving average is $36.25. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 19.02 and a beta of 1.24.
Hillenbrand (NYSE:HI) last posted its quarterly 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. The company had revenue of $395.90 million for the quarter, compared to the consensus estimate of $388.57 million. Hillenbrand had a net margin of 7.87% and a return on equity of 19.72%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. On average, equities research analysts expect that Hillenbrand Inc will post $2.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.82 annualized dividend and a yield of 2.23%. Hillenbrand’s dividend payout ratio is presently 42.27%.
A number of research analysts have commented on HI shares. Zacks Investment Research lowered shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. FBR & Co restated an “outperform” rating on shares of Hillenbrand in a research note on Tuesday, July 11th. Finally, BidaskClub lowered shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.
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.
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