Beacon Financial Group Boosted Its Hanesbrand (HBI) Holding; Itt (ITT)’s Sentiment Is NaN

June 18, 2018 - By Ruchi Gupta

ITT Inc. (NYSE:ITT) Logo

Beacon Financial Group increased Hanesbrand Inc (HBI) stake by 10.12% reported in 2018Q1 SEC filing. Beacon Financial Group acquired 32,411 shares as Hanesbrand Inc (HBI)’s stock declined 10.22%. The Beacon Financial Group holds 352,743 shares with $6.50M value, up from 320,332 last quarter. Hanesbrand Inc now has $7.32 billion valuation. The stock increased 0.64% or $0.13 during the last trading session, reaching $20.3. About 7.18M shares traded or 5.75% up from the average. Hanesbrands Inc. (NYSE:HBI) has declined 10.39% since June 18, 2017 and is downtrending. It has underperformed by 22.96% the S&P500. Some Historical HBI News: ; 28/03/2018 – HanesBrands Makes Significant Strides Toward 2020 Environmental Goals; 25/04/2018 – HanesBrands and National Park Foundation Launch Exclusive New Apparel Collection During National Park Week; 22/04/2018 – DJ Hanesbrands Inc, Inst Holders, 1Q 2018 (HBI); 01/05/2018 – HANESBRANDS SEES 2Q ADJ EPS 44C TO 46C, EST. 47C; 24/04/2018 – HanesBrands Declares Regular Quarterly Cash Dividend; 12/03/2018 – Kangaroo-M to Roam: Hanes’ New Comfort Flex Fit Men’s Boxer Briefs Bring the Pouch to Combat the Ouch; 15/05/2018 – HANESBRANDS INC HBI.N FY2018 SHR VIEW $1.76, REV VIEW $6.77 BLN — THOMSON REUTERS l/B/E/S; 01/05/2018 – HANESBRANDS REAFFIRMS FORECAST FOR FY; 12/04/2018 – Hanes Invites Men Everywhere to #VouchForThePouch with New Comfort Flex Fit Men’s Boxer Briefs; 13/03/2018 – HANESBRANDS INC HBI.N : CREDIT SUISSE INITIATES WITH NEUTRAL, $21 TARGET PRICE

Itt Corp (ITT) investors sentiment NaN in 2018 Q1. It’s in 2017Q4. The ratio [12345], as 0 hedge funds increased or opened new stock positions, while 0 decreased and sold their positions in Itt Corp. The hedge funds in our database now hold: 6,852 shares, down from 13,704 shares in 2017Q4. Also, the number of hedge funds holding Itt Corp in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 0 Increased: 0 New Position: 0.

ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company has market cap of $4.76 billion. The firm operates in three divisions: Industrial Process, Motion Technologies, and Connect & Control Technologies. It has a 28.72 P/E ratio. The Industrial Process segment creates and makes industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps, twin screw and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services.

Analysts await ITT Inc. (NYSE:ITT) to report earnings on August, 3. They expect $0.78 EPS, up 20.00% or $0.13 from last year’s $0.65 per share. ITT’s profit will be $68.18 million for 17.44 P/E if the $0.78 EPS becomes a reality. After $0.77 actual EPS reported by ITT Inc. for the previous quarter, Wall Street now forecasts 1.30% EPS growth.

Ratings analysis reveals 100% of ITT Industries’s analysts are positive. Out of 5 Wall Street analysts rating ITT Industries, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $41.0 while the high is $47.0. The stock’s average target of $44 is -19.15% below today’s ($54.42) share price. ITT was included in 5 notes of analysts from October 24, 2016. Aegis Capital initiated the shares of ITT in report on Friday, December 2 with “Buy” rating. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, November 7. The rating was upgraded by Bank of America to “Buy” on Monday, January 9. The firm earned “Outperform” rating on Thursday, February 16 by Oppenheimer. Barclays Capital upgraded the shares of ITT in report on Monday, October 24 to “Overweight” rating.

The stock decreased 0.89% or $0.49 during the last trading session, reaching $54.42. About 577,020 shares traded or 9.82% up from the average. ITT Inc. (ITT) has risen 38.91% since June 18, 2017 and is uptrending. It has outperformed by 26.34% the S&P500. Some Historical ITT News: ; 22/05/2018 – ITT Honored for Visionary Leadership with 2018 Manufacturing Leadership Award; 17/05/2018 – ITT Expands Innovative i-ALERT® Monitoring Solution Portfolio; 20/04/2018 – DJ ITT Inc, Inst Holders, 1Q 2018 (ITT); 04/05/2018 – ITT Inc 1Q Rev $689.3M; 23/05/2018 – ITT Declares Second-Quarter Dividend of 13.4 Cents Per Share; 24/04/2018 – MEDICINOVA – FOR PRIMARY ENDPOINT, MN-166 DEMONSTRATED STATISTICALLY SIGNIFICANT 48% REDUCTION IN PROGRESSION OF WHOLE BRAIN ATROPHY VS PLACEBO IN MODIFIED ITT POPULATION; 26/03/2018 – ITT’s Cannon Brand to Showcase Soldier-Worn Interconnect Solutions at AUSA/ILW 2018; 04/05/2018 – ITT Inc 1Q Cont Ops EPS $1.14; 25/04/2018 – S&PGR Affms ITT Holdings ‘BBB-‘ Rtg; Otlk Rvsd To Neg Frm Stbl; 14/05/2018 – ECUADOR TO ADD 10K B/D OUTPUT FROM ITT FIELD

More important recent ITT Inc. (NYSE:ITT) news were published by: Businesswire.com which released: “ITT Bornemann Launches Hermetically Sealed Twin Screw Pump for Chemical and Petrochemical Sectors” on June 11, 2018, also Businesswire.com published article titled: “ITT Showcases Innovative Pump, Valve and Monitoring & Control Solutions at ACHEMA”, Streetinsider.com published: “ITT Corp. (ITT) PT Raised to $65 at KeyBanc; Reiterates Overweight” on June 13, 2018. More interesting news about ITT Inc. (NYSE:ITT) was released by: Businesswire.com and their article: “ITT Honored for Visionary Leadership with 2018 Manufacturing Leadership Award” with publication date: May 22, 2018.

Halsey Associates Inc Ct holds 0.04% of its portfolio in ITT Inc. for 4,875 shares. United Fire Group Inc owns 1,250 shares or 0.02% of their US portfolio. Moreover, Gemmer Asset Management Llc has 0.01% invested in the company for 372 shares. The Massachusetts-based American Research & Management Co. has invested 0% in the stock. Vantage Investment Advisors Llc, a Pennsylvania-based fund reported 50 shares.

Since January 1, 0001, it had 0 buys, and 4 sales for $7.07 million activity.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.24, from 1.11 in 2017Q4. It worsened, as 74 investors sold HBI shares while 192 reduced holdings. 60 funds opened positions while 171 raised stakes. 338.62 million shares or 0.25% more from 337.77 million shares in 2017Q4 were reported. The Minnesota-based Advantus Mgmt has invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Peak6 LP reported 0.02% in Hanesbrands Inc. (NYSE:HBI). Ontario Teachers Pension Plan Board reported 13,920 shares. New York-based Global X Mngmt Lc has invested 0% in Hanesbrands Inc. (NYSE:HBI). Highstreet Asset Mngmt stated it has 48,593 shares. 197,781 were accumulated by Arizona State Retirement. Cibc World has 0.02% invested in Hanesbrands Inc. (NYSE:HBI) for 86,657 shares. 47,400 are owned by Tiverton Asset Lc. Assetmark holds 0% or 7,603 shares in its portfolio. Lehman Resources reported 148,300 shares stake. Ameriprise holds 3.28M shares. Bridgeway Cap Mngmt accumulated 0.02% or 110,500 shares. Amp Cap Invsts Limited accumulated 112,905 shares or 0.01% of the stock. Sumitomo Mitsui Asset Mngmt Communication Limited holds 121,885 shares. Dumont And Blake Invest Advsr Limited Liability Corporation, New Jersey-based fund reported 59,105 shares.

Another recent and important Hanesbrands Inc. (NYSE:HBI) news was published by Seekingalpha.com which published an article titled: “Is Hanesbrands An Emperor Without Clothes?” on May 25, 2018.

Among 21 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Hanesbrands has $42 highest and $19 lowest target. $24.95’s average target is 22.91% above currents $20.3 stock price. Hanesbrands had 64 analyst reports since September 17, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of HBI in report on Friday, February 9 with “Buy” rating. Wells Fargo maintained the shares of HBI in report on Friday, February 9 with “Market Perform” rating. The stock has “Market Perform” rating by Wells Fargo on Wednesday, October 25. The firm earned “Neutral” rating on Tuesday, December 19 by Citigroup. FBR Capital maintained it with “Buy” rating and $30.0 target in Thursday, February 8 report. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, August 7. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Outperform” rating by FBR Capital on Friday, February 3. As per Friday, February 5, the company rating was maintained by UBS. The company was initiated on Monday, October 23 by Deutsche Bank. The firm has “Buy” rating given on Monday, December 12 by DA Davidson.

Since February 15, 2018, it had 4 buys, and 2 selling transactions for $315,171 activity. Upchurch W Howard Jr had sold 51,743 shares worth $1.07M. The insider SINGER DAVID V bought 31,230 shares worth $553,456. $49,984 worth of Hanesbrands Inc. (NYSE:HBI) was bought by ZIEGLER ANN ELIZABETH. The insider Evans Gerald bought $309,050. 26,922 shares valued at $538,978 were sold by Faircloth Michael E. on Friday, June 8. 21,890 Hanesbrands Inc. (NYSE:HBI) shares with value of $382,418 were bought by Hytinen Barry.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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