Hillman Solutions (NASDAQ:HLMN) Hits New 12-Month Low After Analyst Downgrade

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) reached a new 52-week low on Wednesday after Barclays lowered their price target on the stock from $11.00 to $8.00. Barclays currently has an equal weight rating on the stock. Hillman Solutions traded as low as $7.26 and last traded at $7.38, with a volume of 2748049 shares traded. The stock had previously closed at $7.50.

Other analysts have also issued research reports about the company. William Blair lowered Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Benchmark restated a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Finally, Robert W. Baird reduced their target price on shares of Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating on the stock in a 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.25.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. bought a new stake in Hillman Solutions in the 4th quarter worth $17,290,000. Raymond James Financial Inc. purchased a new stake in shares of Hillman Solutions during the fourth quarter worth about $11,318,000. Reinhart Partners LLC. grew its stake in shares of Hillman Solutions by 13.8% in the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock worth $76,115,000 after purchasing an additional 1,046,765 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Hillman Solutions by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock valued at $62,521,000 after purchasing an additional 605,049 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Hillman Solutions by 5.9% during the 4th 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 during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Trading Up 2.0 %

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 cap of $1.52 billion, a PE ratio of 96.39 and a beta of 1.67. The firm has a fifty day simple moving average of $9.25 and a two-hundred day simple moving average of $10.04.

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 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 company had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. During the same quarter last year, the firm earned $0.10 EPS. Equities analysts forecast that Hillman Solutions Corp will post 0.58 EPS for the current year.

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.