Hillman Solutions (NASDAQ:HLMN) Cut to “Hold” at Baird R W

Baird R W downgraded shares of Hillman Solutions (NASDAQ:HLMN) from a strong-buy rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Barclays decreased their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Benchmark reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $9.00 target price (down from $12.00) on shares of Hillman Solutions in a report on Wednesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, 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 firm has a 50-day simple moving average of $9.01 and a two-hundred day simple moving average of $9.95. The stock has a market cap of $1.51 billion, a PE ratio of 95.39 and a beta of 1.67. Hillman Solutions has a 1-year low of $7.24 and a 1-year high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

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

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Hillman Solutions by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock worth $89,199,000 after buying an additional 509,016 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in Hillman Solutions by 1.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock worth $86,452,000 after acquiring an additional 160,505 shares in the last quarter. Reinhart Partners LLC. lifted its position in Hillman Solutions by 13.8% in the first 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 last quarter. Dimensional Fund Advisors LP boosted its stake in Hillman Solutions by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock valued at $62,521,000 after acquiring an additional 605,049 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Hillman Solutions by 2.5% during the third 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 during the last quarter. 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.