Victory Capital Management Inc. Has $43.89 Million Holdings in Hillenbrand Inc $HI

Victory Capital Management Inc. lessened its position in Hillenbrand Inc (NYSE:HI) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,623,104 shares of the company’s stock after selling 312,033 shares during the quarter. Victory Capital Management Inc. owned about 2.30% of Hillenbrand worth $43,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Capital Management LLC acquired a new stake in shares of Hillenbrand in the third quarter valued at about $25,858,000. Cooper Creek Partners Management LLC bought a new stake in Hillenbrand during the 2nd quarter valued at approximately $8,555,000. Midwest Trust Co acquired a new stake in Hillenbrand in the 2nd quarter valued at approximately $6,845,000. Edgestream Partners L.P. acquired a new stake in Hillenbrand in the 2nd quarter valued at approximately $6,140,000. Finally, Federated Hermes Inc. bought a new position in Hillenbrand in the 2nd quarter worth approximately $3,292,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Hillenbrand Stock Performance

Shares of HI opened at $31.98 on Friday. Hillenbrand Inc has a 12-month low of $18.36 and a 12-month high of $35.48. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 52.43 and a beta of 1.40. The stock’s 50-day moving average price is $31.90 and its 200 day moving average price is $30.00.

Hillenbrand (NYSE:HI) last posted its quarterly earnings results on Wednesday, February 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.63 by ($0.66). Hillenbrand had a net margin of 1.61% and a return on equity of 12.69%. The firm had revenue of $540.00 million during the quarter, compared to analyst estimates of $607.10 million. As a group, research analysts predict that Hillenbrand Inc will post 2.53 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HI shares. DA Davidson reissued a “neutral” rating and issued a $32.00 price objective on shares of Hillenbrand in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillenbrand in a research report on Monday, December 29th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, Hillenbrand has a consensus rating of “Hold” and a consensus price target of $32.00.

Hillenbrand Profile

Hillenbrand, Inc, headquartered in Batesville, Indiana, is a global industrial company specializing in engineered equipment and process solutions. Through its Coperion division, Hillenbrand designs and manufactures compounding and extrusion systems, polymer and food processing equipment, bulk material handling technologies and associated automation. These offerings support a variety of end markets, including plastics, chemicals, food, pharmaceutical and minerals, helping customers optimize production efficiency and product quality.

Tracing its roots to the Batesville Casket Company founded in 1906, the organization evolved through strategic acquisitions and expanded its focus on process technologies.