Hillman Solutions (NASDAQ:HLMN) Downgraded by William Blair to Market Perform

Hillman Solutions (NASDAQ:HLMN - Get Free Report) was downgraded by analysts at William Blair from an "outperform" rating to a "market perform" rating in a note issued to investors on Thursday, MarketBeat Ratings reports.

Several other equities analysts have also issued reports on HLMN. Canaccord Genuity Group boosted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird increased their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Benchmark boosted their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, Barclays lifted their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $14.20.

Hillman Solutions Trading Down 3.7 %

Shares of HLMN stock traded down $0.36 on Thursday, reaching $9.38. The company had a trading volume of 771,822 shares, compared to its average volume of 896,872. The company has a 50-day moving average of $10.77 and a 200-day moving average of $10.06. Hillman Solutions has a 12 month low of $8.43 and a 12 month high of $12.08. The stock has a market cap of $1.84 billion, a PE ratio of 234.56 and a beta of 1.65. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same period last year, the business posted $0.11 earnings per share. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that Hillman Solutions will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the transaction, the director now directly owns 55,811 shares of the company's stock, valued at $623,966.98. This represents a 26.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the sale, the insider now directly owns 70,369 shares of the company's stock, valued at $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company's stock.

Institutional Trading of Hillman Solutions

A number of hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake in shares of Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock valued at $35,000 after purchasing an additional 2,317 shares during the last quarter. Quarry LP acquired a new stake in Hillman Solutions in the third quarter valued at approximately $43,000. Canada Pension Plan Investment Board acquired a new position in Hillman Solutions during the second quarter worth $57,000. Benjamin F. Edwards & Company Inc. boosted its stake in Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company's stock valued at $78,000 after purchasing an additional 4,473 shares during the last quarter. Finally, Stratos Wealth Advisors LLC bought a new stake in Hillman Solutions during the third quarter worth $132,000. 98.11% of the stock is owned by institutional investors and hedge funds.

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.