The President & CEO of Hillenbrand is Exercising Options

By Carrie Williams

On November 18 it was reported that the President & CEO of Hillenbrand (HIResearch Report), Joe Anthony Raver, exercised options to sell 65,398 HI shares at $21.41 a share, for a total transaction value of $2.34M.

Following Joe Anthony Raver’s last HI Sell transaction on March 16, 2020, the stock climbed by 19.5%. This is Raver’s first Sell trade following 3 Buy transactions.

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Based on Hillenbrand’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $694 million and GAAP net loss of -$7,000,000. In comparison, last year the company earned revenue of $486 million and had a net profit of $24.7 million. The company has a one-year high of $37.03 and a one-year low of $13.61. Currently, Hillenbrand has an average volume of 386.85K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $47.33, reflecting a -24.1% downside.

The insider sentiment on Hillenbrand has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Hillenbrand, Inc. is a diversified industrial company, which engages in the development, manufacture, and sale of engineered industrial equipment. It operates through the following segments: Process Equipment Group and Batesville. The Process Equipment Group segment offers machines used for compounding, extrusion, material handling, size reduction, screening, and flow control. The Batesville segment produces and trades burial and cremation caskets, urns, room display fixtures, and provides web-based applications. The company was founded on November 1, 2007 and is headquartered in Batesville, IN.