Hillman Solutions (NASDAQ:HLMN) Shares Gap Down - Time to Sell?

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $7.92, but opened at $7.50. Hillman Solutions shares last traded at $7.67, with a volume of 124,470 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HLMN shares. Barclays lowered their price target on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and set a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Baird R W downgraded Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Robert W. Baird reiterated a "neutral" rating and set a $9.00 price target (down from $12.00) on shares of Hillman Solutions in a research report on Wednesday, April 16th. Finally, William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hillman Solutions currently has an average rating of "Hold" and a consensus price target of $11.50.

Hillman Solutions Stock Performance

The company has a 50 day moving average price of $9.01 and a 200-day moving average price of $9.95. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.45 billion, a P/E ratio of 92.01 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 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 the consensus estimate of $350.45 million. During the same quarter last year, the firm posted $0.10 earnings per share. Equities analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. acquired a new position in Hillman Solutions in the fourth quarter worth approximately $25,000. R Squared Ltd purchased a new stake in Hillman Solutions during the fourth quarter valued at about $32,000. Sterling Capital Management LLC boosted its holdings in shares of Hillman Solutions by 765.8% in the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after buying an additional 4,572 shares during the period. Lazard Asset Management LLC increased its position in shares of Hillman Solutions by 1,911.4% in the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company's stock worth $63,000 after acquiring an additional 6,193 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Hillman Solutions by 1,337.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company's stock valued at $68,000 after acquiring an additional 6,500 shares during the period. 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.