Hillenbrand’s (HI) “Neutral” Rating Reaffirmed at DA Davidson

Hillenbrand (NYSE:HI)‘s stock had its “neutral” rating reissued by analysts at DA Davidson in a report released on Friday,Benzinga reports. They currently have a $33.00 target price on the stock. DA Davidson’s target price would indicate a potential upside of 1.26% from the company’s current price.

Several other analysts also recently commented on HI. StockNews.com downgraded shares of Hillenbrand from a “hold” rating to a “sell” rating in a report on Thursday. KeyCorp lowered their price target on Hillenbrand from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Hillenbrand has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Hillenbrand Stock Down 3.3 %

Shares of Hillenbrand stock traded down $1.11 during trading on Friday, reaching $32.59. The stock had a trading volume of 163,608 shares, compared to its average volume of 389,485. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 1.44. The stock has a fifty day moving average price of $27.87 and a two-hundred day moving average price of $36.26. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -10.90 and a beta of 1.38. Hillenbrand has a 52 week low of $25.11 and a 52 week high of $50.58.

Hedge Funds Weigh In On Hillenbrand

Several large investors have recently added to or reduced their stakes in HI. Matrix Trust Co acquired a new position in Hillenbrand during the third quarter valued at approximately $25,000. GAMMA Investing LLC boosted its stake in Hillenbrand by 58.2% in the second quarter. GAMMA Investing LLC now owns 712 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. Kennebec Savings Bank bought a new stake in shares of Hillenbrand during the third quarter valued at approximately $48,000. KBC Group NV boosted its holdings in Hillenbrand by 32.2% in the third quarter. KBC Group NV now owns 2,263 shares of the company’s stock valued at $63,000 after acquiring an additional 551 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Hillenbrand during the 3rd quarter worth $75,000. 89.09% of the stock is currently owned by institutional investors.

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.