Robert W. Baird Reiterates "Neutral" Rating for Hillman Solutions (NASDAQ:HLMN)

Hillman Solutions (NASDAQ:HLMN - Get Free Report)'s stock had its "neutral" rating reissued by research analysts at Robert W. Baird in a research note issued on Wednesday, Marketbeat Ratings reports. They presently have a $9.00 price objective on the stock, down from their prior price objective of $12.00. Robert W. Baird's target price indicates a potential upside of 23.12% from the company's previous close.

Several other research analysts have also recently commented on the stock. Benchmark reiterated a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Barclays decreased their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $11.50.

Hillman Solutions Trading Down 4.2 %

Shares of HLMN stock traded down $0.32 on Wednesday, hitting $7.31. The stock had a trading volume of 294,633 shares, compared to its average volume of 962,009. The firm has a market capitalization of $1.44 billion, a P/E ratio of 91.39 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company's 50 day moving average price is $9.01 and its 200-day moving average price is $9.95. Hillman Solutions has a 1 year low of $7.24 and a 1 year high of $12.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business 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 earned $0.10 earnings per share. Analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in shares of Hillman Solutions by 14.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 107,040 shares of the company's stock valued at $941,000 after purchasing an additional 13,587 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of Hillman Solutions by 31.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 31,659 shares of the company's stock valued at $278,000 after acquiring an additional 7,527 shares in the last quarter. SG Americas Securities LLC purchased a new position in Hillman Solutions during the first quarter worth about $567,000. Harbor Capital Advisors Inc. lifted its position 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 purchasing an additional 180,416 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in 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 purchasing an additional 1,046,765 shares in the last quarter. Institutional investors and hedge funds 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.