Robert W. Baird Has Lowered Expectations for Hillman Solutions (NASDAQ:HLMN) Stock Price

Hillman Solutions (NASDAQ:HLMN - Free Report) had its price target lowered by Robert W. Baird from $14.00 to $12.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on HLMN. William Blair downgraded Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Barclays lowered their price target on Hillman Solutions from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Finally, Benchmark raised their price target on Hillman Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.60.

Hillman Solutions Stock Down 1.0 %

Shares of NASDAQ:HLMN traded down $0.10 during midday trading on Wednesday, hitting $10.02. 1,392,842 shares of the stock were exchanged, compared to its average volume of 771,659. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. Hillman Solutions has a 52-week low of $8.43 and a 52-week high of $12.08. The business's fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $10.26. The company has a market capitalization of $1.97 billion, a PE ratio of 125.27 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $349.56 million for the quarter, compared to analysts' expectations of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter in the prior year, the business posted $0.10 earnings per share. As a group, research analysts predict that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the sale, the director now directly owns 55,811 shares of the company's stock, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.10% of the company's stock.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently added to or reduced their stakes in HLMN. Federated Hermes Inc. acquired a new stake in Hillman Solutions during the fourth quarter valued at approximately $25,000. R Squared Ltd acquired a new position in shares of Hillman Solutions in the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. boosted its holdings in shares of Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock worth $35,000 after acquiring an additional 2,317 shares in the last quarter. Quarry LP acquired a new position in shares of Hillman Solutions in the 3rd quarter worth approximately $43,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company's stock worth $50,000 after acquiring an additional 4,572 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

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.