Hillenbrand Inc (NYSE:HI) shares traded 1.37% higher at $33.95 on Wall Street last session.
HI stock price is now 6.02% away from the 50-day moving average and -6.70% away from the 200-day moving average. The market capitalization of the company currently stands at $2.39B.
With the price target reduced from $54 to $33, DA Davidson Downgraded its rating from Buy to Neutral for Hillenbrand Inc (NYSE: HI). On July 10, 2024, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $50, while ‘CL King’ rates the stock as ‘Strong Buy’
In other news, Kulmaczewski Leo, Sr. VP, Operations COE & HOM bought 300 shares of the company’s stock on May 06 ’24. The stock was bought for $12,819 at an average price of $42.73. Upon completion of the transaction, the Sr. VP, Operations COE & HOM now directly owns 2,186 shares in the company, valued at $74214.7. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, President & CEO RYAN KIMBERLY K bought 2,350 shares of the business’s stock. A total of $100,322 was incurred on buying the stock at an average price of $42.69. This leaves the insider owning 135,954 shares of the company worth $4.62 million. A total of 1.05% of the company’s stock is owned by insiders.
During the past 12 months, Hillenbrand Inc has had a low of $25.11 and a high of $50.58. As of last week, the company has a debt-to-equity ratio of 1.44, a current ratio of 1.27, and a quick ratio of 0.83. The fifty day moving average price for HI is $32.0236 and a two-hundred day moving average price translates $36.38955 for the stock.
The latest earnings results from Hillenbrand Inc (NYSE: HI) was released for 2024-09-30. The net profit margin was -6.63% and return on equity was -13.97% for HI. The company reported revenue of $837.6 million for the quarter, compared to $762.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.81 percent. For the current quarter, analysts expect HI to generate $695.46M in revenue.
