Hillman Solutions (NASDAQ:HLMN) Reaches New 12-Month Low – What’s Next?

Hillman Solutions Corp (NASDAQ:HLMN) hit a new 52-week low during trading on Thursday . The stock traded as low as $8.08 and last traded at $8.10, with a volume of 239758 shares trading hands. The stock had previously closed at $8.99.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HLMN. Barclays dropped their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Robert W. Baird reduced 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 report on Wednesday, February 19th. Finally, William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Hillman Solutions Stock Down 9.3 %

The business has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $10.22. 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 company has a market cap of $1.61 billion, a price-to-earnings ratio of 101.89 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data 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). The company had revenue of $349.56 million during 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 quarter in the prior year, the company posted $0.10 EPS. On average, equities analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Institutional Trading of Hillman Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Hillman Solutions by 4.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $227,000 after buying an additional 1,061 shares in the last quarter. Xponance Inc. grew its position in Hillman Solutions by 10.1% in the fourth quarter. Xponance Inc. now owns 14,106 shares of the company’s stock worth $137,000 after acquiring an additional 1,297 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock worth $329,000 after purchasing an additional 1,325 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of 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 in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Hillman Solutions by 2.0% in the 4th quarter. MetLife Investment Management LLC now owns 119,406 shares of the company’s stock valued at $1,163,000 after purchasing an additional 2,391 shares during the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

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.