Hillman Solutions (NASDAQ:HLMN) Earns “Neutral” Rating from Robert W. Baird

Hillman Solutions (NASDAQ:HLMN)‘s stock had its “neutral” rating reaffirmed by analysts at Robert W. Baird in a note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $9.00 price target on the stock, down from their prior price target of $12.00. Robert W. Baird’s price objective points to a potential upside of 17.96% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Benchmark reiterated a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, Barclays cut their target price on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.50.

Hillman Solutions Price Performance

Shares of HLMN opened at $7.63 on Wednesday. The stock has a 50 day simple moving average of $9.06 and a 200 day simple moving average of $9.97. Hillman Solutions has a 52-week low of $7.24 and a 52-week high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The firm has a market capitalization of $1.51 billion, a PE ratio of 95.39 and a beta of 1.67.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in shares of Hillman Solutions by 14.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 107,040 shares of the company’s stock worth $941,000 after purchasing an additional 13,587 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in Hillman Solutions by 31.2% during the first quarter. Elevation Point Wealth Partners LLC now owns 31,659 shares of the company’s stock worth $278,000 after buying an additional 7,527 shares during the last quarter. SG Americas Securities LLC bought a new stake in Hillman Solutions during the first quarter worth $567,000. Harbor Capital Advisors Inc. lifted its stake in Hillman Solutions by 11.0% in the first quarter. Harbor Capital Advisors Inc. now owns 1,818,299 shares of the company’s stock valued at $15,983,000 after acquiring an additional 180,416 shares during the last quarter. Finally, Reinhart Partners LLC. grew its position in shares of Hillman Solutions by 13.8% in the 1st quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company’s stock valued at $76,115,000 after acquiring an additional 1,046,765 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

About Hillman Solutions

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.