Hillenbrand, Inc. (NYSE:HI – Get Rating)’s share price gapped up before the market opened on Thursday following insider buying activity. The stock had previously closed at $42.99, but opened at $44.00. Hillenbrand shares last traded at $43.70, with a volume of 698 shares. Specifically, CFO Robert M. Vanhimbergen bought 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were acquired at an average cost of $44.00 per share, with a total value of $264,000.00. Following the acquisition, the chief financial officer now owns 6,000 shares of the company’s stock, valued at $264,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.08% of the company’s stock.
Several research analysts have issued reports on HI shares. StockNews.com upgraded Hillenbrand from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 12th. DA Davidson reiterated a “buy” rating on shares of Hillenbrand in a report on Wednesday, May 11th. Finally, Zacks Investment Research raised Hillenbrand from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Friday, May 13th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $56.00.
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The firm has a market cap of $3.13 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.94 and a beta of 1.43. The stock has a 50 day simple moving average of $42.08 and a 200-day simple moving average of $45.98. The company has a current ratio of 1.41, a quick ratio of 0.96 and a debt-to-equity ratio of 0.95.
Hillenbrand (NYSE:HI – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.02. The business had revenue of $742.00 million for the quarter, compared to analyst estimates of $728.05 million. Hillenbrand had a net margin of 6.80% and a return on equity of 22.51%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. On average, equities research analysts expect that Hillenbrand, Inc. will post 3.9 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be given a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 1.99%. The ex-dividend date is Wednesday, June 15th. Hillenbrand’s payout ratio is currently 32.46%.
Several large investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new stake in Hillenbrand in the fourth quarter valued at approximately $32,000. Dark Forest Capital Management LP acquired a new stake in Hillenbrand in the 3rd quarter valued at about $34,000. National Bank of Canada FI acquired a new stake in shares of Hillenbrand during the fourth quarter worth approximately $44,000. Pinebridge Investments L.P. acquired a new stake in shares of Hillenbrand during the fourth quarter worth approximately $120,000. Finally, US Asset Management LLC bought a new position in Hillenbrand during the first quarter valued at approximately $129,000. 85.91% of the stock is currently owned by institutional investors and hedge funds.
About Hillenbrand (NYSE:HI)
Hillenbrand, Inc operates as a diversified industrial company. The firm engages in the development, manufacture and sale of engineered industrial equipment. It operates through the following segments: Advanced Process Solutions, Molding Technology Solutions and Batesville. The Advanced Process Solutions segment designs, engineers, manufactures, markets and services differentiated process and material handling equipment and systems for industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials.
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