Hillman Solutions (NASDAQ:HLMN) Sets New 1-Year Low - Here's What Happened

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $8.08 and last traded at $8.10, with a volume of 239758 shares trading hands. The stock had previously closed at $8.99.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HLMN shares. Barclays cut their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Benchmark reissued a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. Robert W. Baird lowered 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 note on Wednesday, February 19th. Finally, William Blair cut Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $13.00.

Hillman Solutions Stock Down 1.7 %

The company's fifty day simple moving average is $9.59 and its 200 day simple moving average is $10.19. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.58 billion, a P/E ratio of 100.14 and a beta of 1.67.

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

Institutional Investors Weigh In On Hillman Solutions

Hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of Hillman Solutions during the 4th quarter valued at $25,000. R Squared Ltd bought a new stake in Hillman Solutions during the fourth quarter worth about $32,000. Quarry LP purchased a new stake in Hillman Solutions in the third quarter worth about $43,000. Sterling Capital Management LLC increased its stake in shares of Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock valued at $50,000 after purchasing an additional 4,572 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Hillman Solutions by 1,911.4% during the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock valued at $63,000 after purchasing an additional 6,193 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

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.