Hillenbrand (NYSE:HI) Upgraded to Strong-Buy at Zacks Research

Hillenbrand (NYSE:HI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Hillenbrand Price Performance

Shares of NYSE:HI opened at $24.81 on Tuesday. The stock has a market capitalization of $1.75 billion, a P/E ratio of -99.24 and a beta of 1.47. The business has a 50-day moving average of $23.14 and a two-hundred day moving average of $22.69. Hillenbrand has a fifty-two week low of $18.36 and a fifty-two week high of $35.59. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.25 and a quick ratio of 0.87.

Hillenbrand (NYSE:HI) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Hillenbrand had a positive return on equity of 13.53% and a negative net margin of 0.63%.The business had revenue of $598.90 million for the quarter, compared to analyst estimates of $572.48 million. During the same quarter in the prior year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was down 23.9% on a year-over-year basis. Hillenbrand has set its FY 2025 guidance at 2.200-2.350 EPS. On average, equities research analysts predict that Hillenbrand will post 2.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Hillenbrand

Hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in shares of Hillenbrand in the fourth quarter worth about $42,000. Osaic Holdings Inc. lifted its holdings in shares of Hillenbrand by 74.0% during the second quarter. Osaic Holdings Inc. now owns 1,965 shares of the company’s stock worth $40,000 after buying an additional 836 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hillenbrand by 65.9% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $47,000 after buying an additional 781 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Hillenbrand by 29.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,432 shares of the company’s stock worth $49,000 after acquiring an additional 547 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Hillenbrand during the first quarter valued at about $84,000. 89.09% of the stock is currently owned by institutional investors.

About Hillenbrand

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.