Hillman Solutions (NASDAQ:HLMN) Stock Rating Lowered by Baird R W

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

Several other equities research analysts have also recently commented on the stock. William Blair cut shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Barclays reduced their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird reissued a "neutral" rating and issued a $9.00 target price (down previously from $12.00) on shares of Hillman Solutions in a research note on Wednesday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Hillman Solutions presently has an average rating of "Hold" and a consensus target price of $11.50.

Hillman Solutions Price Performance

Shares of HLMN stock traded up $0.13 during trading hours on Wednesday, hitting $7.49. 399,506 shares of the company's stock were exchanged, compared to its average volume of 962,744. The stock's 50-day moving average is $8.95 and its 200-day moving average is $9.93. 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 has a 52 week low of $7.24 and a 52 week high of $12.08. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 93.49 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its 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). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The company had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, research analysts forecast that Hillman Solutions will post 0.58 EPS for the current year.

Institutional Trading of Hillman Solutions

A number of institutional investors have recently modified their holdings of HLMN. T. Rowe Price Investment Management Inc. acquired a new position in Hillman Solutions during the 4th quarter worth approximately $17,290,000. Raymond James Financial Inc. acquired a new position in shares of Hillman Solutions during the 4th quarter worth about $11,318,000. Reinhart Partners LLC. grew its holdings in shares of 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 acquiring an additional 1,046,765 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hillman Solutions by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock worth $62,521,000 after acquiring an additional 605,049 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after purchasing an additional 509,016 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.