Hillenbrand (NYSE:HI) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Hillenbrand, Inc. (NYSE:HI) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $31.62 and traded as low as $30.47. Hillenbrand shares last traded at $31.02, with a volume of 397,329 shares.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HI shares. DA Davidson reissued a “neutral” rating and issued a $33.00 price target on shares of Hillenbrand in a report on Friday, November 15th. StockNews.com upgraded shares of Hillenbrand from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Finally, KeyCorp dropped their target price on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 14th.

Hillenbrand Trading Down 0.5 %

The business has a 50 day simple moving average of $31.62 and a 200 day simple moving average of $32.95. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.83. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -10.37 and a beta of 1.43.

Hillenbrand (NYSE:HI) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. The firm had revenue of $837.60 million for the quarter, compared to analysts’ expectations of $793.38 million. Hillenbrand had a negative net margin of 6.63% and a positive return on equity of 14.86%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. As a group, equities analysts forecast that Hillenbrand, Inc. will post 3.2 EPS for the current year.

Hillenbrand Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Hillenbrand’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 16th. Hillenbrand’s dividend payout ratio is presently -30.10%.

Institutional Investors Weigh In On Hillenbrand

Hedge funds have recently bought and sold shares of the stock. GHP Investment Advisors Inc. lifted its stake in Hillenbrand by 0.6% during the 2nd quarter. GHP Investment Advisors Inc. now owns 51,414 shares of the company’s stock valued at $2,058,000 after acquiring an additional 320 shares in the last quarter. Arizona State Retirement System boosted its holdings in Hillenbrand by 1.9% during the second quarter. Arizona State Retirement System now owns 19,639 shares of the company’s stock worth $786,000 after purchasing an additional 368 shares during the last quarter. KBC Group NV grew its position in Hillenbrand by 32.2% in the 3rd quarter. KBC Group NV now owns 2,263 shares of the company’s stock worth $63,000 after purchasing an additional 551 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Hillenbrand by 3.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 16,657 shares of the company’s stock valued at $463,000 after buying an additional 603 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Hillenbrand by 107.5% during the 4th quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock worth $36,000 after buying an additional 614 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.

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.