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 4.40 on Wednesday. The stock has a market capitalization of $227.69 million, a PE ratio of 47.31 and a beta of 0.99. Hill International has a 12 month low of $2.62 and a 12 month high of $4.68. The company has a 50-day moving average of $4.44 and a 200-day moving average of $4.18.
Hill International (NYSE:HIL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $175.60 million for the quarter, compared to analyst estimates of $174.50 million. Hill International had a net margin of 0.66% and a return on equity of 8.00%. Hill International’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. On average, equities research analysts expect that Hill International will post $0.27 EPS for the current fiscal year.
In other Hill International news, Chairman Irvin E. Richter sold 7,278 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $4.16, for a total transaction of $30,276.48. Following the completion of the transaction, the chairman now directly owns 4,796,528 shares of the company’s stock, valued at approximately $19,953,556.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Irvin E. Richter sold 6,757 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $4.50, for a total transaction of $30,406.50. Following the transaction, the insider now directly owns 4,740,905 shares of the company’s stock, valued at $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 and other institutional investors have recently made changes to their positions in the company. AXA bought a new position in shares of Hill International during the first quarter valued at $263,000. Springbok Capital Management LLC raised its position 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 valued at $346,000 after buying an additional 28,100 shares in the last quarter. Menta Capital LLC raised its position 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 valued at $350,000 after buying an additional 32,251 shares in the last quarter. BlackRock Investment Management LLC raised its position 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 valued at $597,000 after buying an additional 2,239 shares in the last quarter. Finally, State Street Corp raised its position 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 in the last quarter. 48.90% of the stock is owned by institutional investors.
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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