Zacks Investment Research Downgrades Hill International Inc. (HIL) to Sell
According to Zacks, “Hill International provides program management, project management, construction management and construction claims and consulting services to clients worldwide, but primarily in the United States, Europe, the Middle East/North Africa and Asia/Pacific. It operates through two segments, Project Management and Construction Claims. The former segment provides fee-based construction management services. Its services include program management, project management, construction management, project management oversight, troubled project turnaround, staff augmentation, estimating and cost management, project labor agreements, and management consulting. The latter segment advises its clients in order to assist them in preventing or resolving claims and disputes based upon schedule delays, cost overruns, and other problems on construction projects. The company’s clients primarily consist of the United States and other national governments, state and local governments, agencies, and clients in the private sector. “
Shares of Hill International (NYSE:HIL) opened at 4.46 on Wednesday. Hill International has a 12-month low of $2.62 and a 12-month high of $4.68. The stock’s 50 day moving average price is $4.44 and its 200 day moving average price is $4.20. The company has a market capitalization of $230.80 million, a PE ratio of 47.96 and a beta of 0.99.
Hill International (NYSE:HIL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $175.60 million for the quarter, compared to analysts’ expectations of $174.50 million. Hill International had a return on equity of 8.00% and a net margin of 0.66%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. On average, equities research analysts forecast that Hill International will post $0.27 earnings per share for the current year.
In related news, Chairman Irvin E. Richter sold 12,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $4.46, for a total transaction of $53,520.00. Following the sale, the chairman now owns 4,747,238 shares of the company’s stock, valued at approximately $21,172,681.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Irvin E. Richter sold 6,757 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $4.50, for a total value of $30,406.50. Following the sale, the insider now directly owns 4,740,905 shares in the company, valued at approximately $21,334,072.50. The disclosure for this sale can be found here. Corporate insiders own 25.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of HIL. AXA bought a new stake in shares of Hill International during the first quarter worth about $263,000. Springbok Capital Management LLC boosted its stake in shares of Hill International by 37.6% in the first quarter. Springbok Capital Management LLC now owns 102,800 shares of the company’s stock worth $346,000 after buying an additional 28,100 shares during the period. Menta Capital LLC boosted its stake in shares of Hill International by 45.1% in the first quarter. Menta Capital LLC now owns 103,722 shares of the company’s stock worth $350,000 after buying an additional 32,251 shares during the period. BlackRock Investment Management LLC boosted its stake in shares of Hill International by 1.6% in the second quarter. BlackRock Investment Management LLC now owns 146,642 shares of the company’s stock worth $597,000 after buying an additional 2,239 shares during the period. Finally, State Street Corp boosted its stake in shares of Hill International by 13.7% in the first quarter. State Street Corp now owns 382,494 shares of the company’s stock worth $1,289,000 after buying an additional 46,078 shares during the period. 48.90% of the stock is currently owned by institutional investors and hedge funds.
Hill International Company Profile
Hill International, Inc (Hill) is a professional services firm. The Company provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. The Company operates in two segments: Project Management Group and Construction Claims Group.
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