Hill International Inc. (NYSE:HIL) major shareholder Irvin E. Richter sold 2,617 shares of Hill International stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $4.47, for a total value of $11,697.99. Following the completion of the transaction, the insider now owns 4,740,905 shares of the company’s stock, valued at approximately $21,191,845.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Hill International Inc. (NYSE:HIL) opened at 4.40 on Monday. The stock has a market capitalization of $227.69 million, a price-to-earnings ratio of 47.31 and a beta of 0.99. Hill International Inc. has a 1-year low of $2.62 and a 1-year high of $4.68. The firm’s 50-day moving average price is $4.44 and its 200 day moving average price is $4.18.
Hill International (NYSE:HIL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.06. Hill International had a return on equity of 8.00% and a net margin of 0.66%. The business had revenue of $175.60 million for the quarter, compared to analyst estimates of $174.50 million. During the same quarter last year, the company posted $0.09 EPS. Hill International’s quarterly revenue was down 3.3% on a year-over-year basis. Equities research analysts expect that Hill International Inc. will post $0.27 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in HIL. Thomson Horstmann & Bryant Inc. increased its stake in shares of Hill International by 81.0% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,899,105 shares of the company’s stock valued at $7,729,000 after buying an additional 849,610 shares during the period. Icon Advisers Inc. Co. increased its stake in shares of Hill International by 339.6% in the second quarter. Icon Advisers Inc. Co. now owns 598,433 shares of the company’s stock valued at $2,436,000 after buying an additional 462,294 shares during the period. AXA acquired a new stake in shares of Hill International during the first quarter valued at $263,000. State Street Corp increased 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 valued at $1,289,000 after buying an additional 46,078 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Hill International by 3.0% in the second quarter. Vanguard Group Inc. now owns 1,231,727 shares of the company’s stock valued at $5,014,000 after buying an additional 35,297 shares during the period. Institutional investors and hedge funds own 48.90% of the company’s stock.
Separately, Zacks Investment Research upgraded Hill International from a “sell” rating to a “hold” rating in a research note on Monday, July 18th.
About Hill International
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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