Hillman Solutions (NASDAQ:HLMN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Hillman Solutions (NASDAQ:HLMN) from a buy rating to a hold rating in a report issued on Saturday morning.

Other analysts also recently issued reports about the stock. Benchmark reduced their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, February 20th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of Hillman Solutions in a report on Tuesday, March 24th. Finally, Weiss Ratings downgraded shares of Hillman Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Hillman Solutions currently has an average rating of “Hold” and a consensus target price of $12.50.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock opened at $7.86 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.62. Hillman Solutions has a fifty-two week low of $6.55 and a fifty-two week high of $10.85. The firm has a fifty day moving average price of $8.35 and a two-hundred day moving average price of $8.94. The company has a market cap of $1.55 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 1.09 and a beta of 1.47.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The company had revenue of $370.07 million during the quarter, compared to the consensus estimate of $371.73 million. During the same period last year, the company earned $0.10 earnings per share. Hillman Solutions’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Hillman Solutions will post 0.6 EPS for the current year.

Insider Activity at Hillman Solutions

In other news, insider Amanda Kitzberger sold 11,804 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the transaction, the insider directly owned 72,605 shares of the company’s stock, valued at approximately $601,895.45. This trade represents a 13.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in Hillman Solutions by 220.8% during the 1st quarter. Fifth Third Bancorp now owns 18,519 shares of the company’s stock valued at $154,000 after purchasing an additional 12,746 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in Hillman Solutions by 29.0% during the 1st quarter. Hodges Capital Management Inc. now owns 320,625 shares of the company’s stock valued at $2,668,000 after purchasing an additional 72,000 shares during the last quarter. Skylands Capital LLC lifted its holdings in Hillman Solutions by 42.1% during the 1st quarter. Skylands Capital LLC now owns 538,600 shares of the company’s stock valued at $4,481,000 after purchasing an additional 159,650 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Hillman Solutions by 10.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 138,639 shares of the company’s stock valued at $1,153,000 after purchasing an additional 12,959 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Hillman Solutions by 23.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 29,804 shares of the company’s stock valued at $248,000 after purchasing an additional 5,741 shares during the last quarter. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Company Profile

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.