Hillenbrand (NYSE:HI) Reaches New 52-Week Low – Here’s What Happened

Hillenbrand, Inc. (NYSE:HI) hit a new 52-week low on Monday . The stock traded as low as $18.36 and last traded at $18.58, with a volume of 19164 shares traded. The stock had previously closed at $19.99.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Hillenbrand from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Hillenbrand Stock Up 1.1 %

The company has a quick ratio of 0.86, a current ratio of 1.34 and a debt-to-equity ratio of 1.33. The firm’s 50-day moving average price is $29.18 and its 200 day moving average price is $30.03. The firm has a market cap of $1.42 billion, a P/E ratio of -6.41 and a beta of 1.46.

Hillenbrand (NYSE:HI) last announced its earnings results on Wednesday, February 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. Hillenbrand had a positive return on equity of 15.00% and a negative net margin of 7.12%. During the same quarter in the prior year, the company posted $0.69 EPS. As a group, research analysts expect that Hillenbrand, Inc. will post 2.53 earnings per share for the current year.

Hillenbrand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Friday, March 14th. Hillenbrand’s payout ratio is currently -28.66%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Hillenbrand in the 4th quarter valued at $27,000. YANKCOM Partnership acquired a new stake in Hillenbrand during the 4th quarter worth about $30,000. GAMMA Investing LLC lifted its stake in Hillenbrand by 107.5% during the fourth quarter. GAMMA Investing LLC now owns 1,185 shares of the company’s stock valued at $36,000 after buying an additional 614 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Hillenbrand in the fourth quarter worth about $42,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Hillenbrand by 712.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,520 shares of the company’s stock worth $47,000 after buying an additional 1,333 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s stock.

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.