Hillman Solutions (NASDAQ:HLMN) Sets New 12-Month Low – Here’s What Happened

Hillman Solutions Corp (NASDAQ:HLMN)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.10 and last traded at $9.33, with a volume of 335 shares changing hands. The stock had previously closed at $9.17.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HLMN shares. Robert W. Baird dropped their price target 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. Barclays dropped their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Benchmark reaffirmed a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Finally, William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

Hillman Solutions Stock Performance

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 $1.79 billion, a price-to-earnings ratio of 113.51 and a beta of 1.68. The company has a 50-day moving average of $9.87 and a 200-day moving average of $10.27.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results 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 analyst estimates of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period in the prior year, the company posted $0.10 earnings per share. On average, equities research analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. boosted its position in Hillman Solutions by 4.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $227,000 after purchasing an additional 1,061 shares during the period. Xponance Inc. boosted its position in Hillman Solutions by 10.1% during the 4th quarter. Xponance Inc. now owns 14,106 shares of the company’s stock valued at $137,000 after purchasing an additional 1,297 shares during the period. Cetera Investment Advisers boosted its position in Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock valued at $329,000 after purchasing an additional 1,325 shares during the period. HighTower Advisors LLC boosted its position in Hillman Solutions by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock valued at $1,404,000 after purchasing an additional 1,562 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after purchasing an additional 2,317 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.