Hillman Solutions (NASDAQ:HLMN) Sets New 1-Year Low on Analyst Downgrade

Hillman Solutions Corp (NASDAQ:HLMN)’s share price 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 analysts have also recently issued reports on HLMN. Benchmark reissued a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Robert W. Baird cut their price objective on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after purchasing an additional 509,016 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Hillman Solutions by 1.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock valued at $86,452,000 after buying an additional 160,505 shares during the period. Reinhart Partners LLC. lifted its position in Hillman Solutions by 1.7% during the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after acquiring an additional 130,273 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock worth $62,521,000 after acquiring an additional 605,049 shares during the period. Finally, Geode Capital Management LLC grew its position in Hillman Solutions by 2.5% in the third quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after acquiring an additional 113,692 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Price Performance

The business’s 50 day moving average price is $9.42 and its 200-day moving average price is $10.12. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.46 billion, a PE ratio of 92.26 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $349.56 million for the quarter, compared to analysts’ expectations of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same period last year, the firm earned $0.10 EPS. As a group, analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current 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.