Hillenbrand (NYSE:HI) Upgraded to Strong-Buy at StockNews.com

Hillenbrand (NYSE:HIGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Separately, Zacks Investment Research cut shares of Hillenbrand from a “buy” rating to a “hold” rating in a report on Monday, April 11th.

Shares of NYSE HI remained flat at $$42.79 during trading hours on Thursday. The stock had a trading volume of 250,527 shares, compared to its average volume of 347,336. Hillenbrand has a 52-week low of $40.30 and a 52-week high of $54.15. The company has a market capitalization of $3.12 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.48. The firm’s 50 day moving average is $45.10 and its 200 day moving average is $47.06. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.97.

Hillenbrand (NYSE:HIGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The company had revenue of $728.00 million for the quarter, compared to the consensus estimate of $703.03 million. Hillenbrand had a return on equity of 22.71% and a net margin of 7.67%. Hillenbrand’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. Sell-side analysts forecast that Hillenbrand will post 3.92 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of HI. Creative Financial Designs Inc. ADV bought a new position in Hillenbrand during the fourth quarter worth about $32,000. Dark Forest Capital Management LP bought a new stake in shares of Hillenbrand in the 3rd quarter valued at $34,000. First Horizon Advisors Inc. bought a new stake in Hillenbrand during the 3rd quarter valued at $41,000. National Bank of Canada FI bought a new stake in shares of Hillenbrand in the 4th quarter worth $44,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Hillenbrand by 2,291.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,148 shares of the company’s stock worth $49,000 after acquiring an additional 1,100 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Hillenbrand Company Profile (Get Rating)

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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