Hillman Solutions (NASDAQ:HLMN) Lowered to “Market Perform” Rating by William Blair

William Blair lowered shares of Hillman Solutions (NASDAQ:HLMN) from an outperform rating to a market perform rating in a research report report published on Thursday, MarketBeat reports.

Other equities research analysts have also issued research reports about the company. Robert W. Baird upped their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Barclays raised their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Benchmark boosted their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hillman Solutions currently has an average rating of “Moderate Buy” and an average price target of $14.20.

Hillman Solutions Trading Down 3.7 %

Shares of HLMN stock opened at $9.38 on Thursday. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 234.56 and a beta of 1.65. The stock has a 50-day moving average of $10.75 and a 200-day moving average of $10.05.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The firm had revenue of $393.30 million for the quarter, compared to the consensus estimate of $389.50 million. During the same quarter in the previous year, the company earned $0.11 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that Hillman Solutions will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Hillman Solutions

In related news, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Hillman Solutions

Several hedge funds and other institutional investors have recently modified their holdings of HLMN. Sanctuary Advisors LLC lifted its position in shares of Hillman Solutions by 20.0% during the third quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock worth $357,000 after acquiring an additional 5,273 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Hillman Solutions by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock worth $50,203,000 after purchasing an additional 113,692 shares in the last quarter. Barclays PLC boosted its stake in Hillman Solutions by 326.8% in the 3rd quarter. Barclays PLC now owns 305,468 shares of the company’s stock worth $3,226,000 after purchasing an additional 233,894 shares during the period. XTX Topco Ltd bought a new position in shares of Hillman Solutions in the third quarter valued at approximately $275,000. Finally, EP Wealth Advisors LLC purchased a new position in Hillman Solutions during the third quarter valued at approximately $210,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.