Barclays Lowers Hillman Solutions (NASDAQ:HLMN) Price Target to $8.00

Hillman Solutions (NASDAQ:HLMN - Free Report) had its price target trimmed by Barclays from $11.00 to $8.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently commented on the company. William Blair cut Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. 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 report on Wednesday, February 19th. Finally, Benchmark reissued a "buy" rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.25.

Hillman Solutions Stock Up 2.0 %

Shares of NASDAQ HLMN traded up $0.15 during mid-day trading on Tuesday, reaching $7.71. 1,625,330 shares of the company were exchanged, compared to its average volume of 948,585. Hillman Solutions has a 1 year low of $7.24 and a 1 year high of $12.08. The firm has a 50-day moving average of $9.25 and a 200 day moving average of $10.05. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 96.39 and a beta of 1.67. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $349.56 million for the quarter, compared to analysts' expectations of $350.45 million. During the same period in the previous year, the company posted $0.10 earnings per share. On average, research analysts expect that Hillman Solutions will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Hillman Solutions

Large investors have recently bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in shares of Hillman Solutions in the 4th quarter valued at $25,000. R Squared Ltd acquired a new position in Hillman Solutions during the fourth quarter valued at $32,000. Quarry LP purchased a new stake in Hillman Solutions in the third quarter valued at $43,000. Sterling Capital Management LLC grew its position in Hillman Solutions by 765.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after purchasing an additional 4,572 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Hillman Solutions by 1,911.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after buying an additional 6,193 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

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.