Hillman Solutions (NASDAQ:HLMN) Sets New 52-Week Low After Analyst Downgrade

Hillman Solutions Corp (NASDAQ:HLMN) reached a new 52-week low during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $11.00 to $8.00. Barclays currently has an equal weight rating on the stock. Hillman Solutions traded as low as $7.26 and last traded at $7.38, with a volume of 2748049 shares changing hands. The stock had previously closed at $7.50.

Several other research analysts have also recently issued reports on the company. Benchmark restated a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird decreased their price objective on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.25.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds have recently bought and sold shares of HLMN. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Hillman Solutions by 4.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $227,000 after purchasing an additional 1,061 shares during the period. Xponance Inc. raised its position in shares of Hillman Solutions by 10.1% in the fourth quarter. Xponance Inc. now owns 14,106 shares of the company’s stock worth $137,000 after acquiring an additional 1,297 shares during the period. Cetera Investment Advisers boosted its stake in shares of Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock worth $329,000 after acquiring an additional 1,325 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Hillman Solutions by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock worth $1,404,000 after acquiring an additional 1,562 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Hillman Solutions by 2.0% during the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company’s stock valued at $1,163,000 after acquiring an additional 2,391 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Trading Up 6.9 %

The stock has a market cap of $1.56 billion, a PE ratio of 98.64 and a beta of 1.67. The company has a 50 day moving average of $9.33 and a two-hundred day moving average of $10.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. During the same period in the previous year, the company earned $0.10 earnings per share. Sell-side analysts anticipate that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

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.