Hillman Solutions (NASDAQ:HLMN) Rating Lowered to Sell at Zacks Investment Research

Hillman Solutions (NASDAQ:HLMNGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Hillman Solutions Corp. is a provider of complete hardware solutions. It designs product and merchandising solutions for complex categories which deliver to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and OEM & Industrial customers. Hillman Solutions Corp., formerly known as Landcadia Holdings III Inc., is based in CINCINNATI. “

Separately, Raymond James reduced their price target on shares of Hillman Solutions from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, March 3rd. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $15.79.

Shares of HLMN stock opened at $11.05 on Tuesday. The business has a 50 day moving average of $10.51. Hillman Solutions has a 52 week low of $8.12 and a 52 week high of $13.46. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.41 and a quick ratio of 0.49.

Hillman Solutions (NASDAQ:HLMNGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $344.49 million during the quarter, compared to the consensus estimate of $332.50 million. Equities research analysts anticipate that Hillman Solutions will post 0.2 EPS for the current fiscal year.

In other news, CFO Robert O. Kraft purchased 47,500 shares of the company’s stock in a transaction on Monday, March 7th. The stock was acquired at an average cost of $10.35 per share, for a total transaction of $491,625.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas Cahill purchased 94,786 shares of the company’s stock in a transaction on Monday, March 7th. The stock was purchased at an average price of $10.60 per share, with a total value of $1,004,731.60. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 161,186 shares of company stock valued at $1,694,802.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its stake in Hillman Solutions by 96.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,322 shares of the company’s stock valued at $26,000 after purchasing an additional 1,143 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Hillman Solutions during the third quarter valued at $30,000. Financial Management Professionals Inc. purchased a new stake in Hillman Solutions during the third quarter valued at $70,000. CWM LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at $83,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at $112,000. 87.80% of the stock is currently owned by institutional investors.

Hillman Solutions Company Profile (Get Rating)

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.

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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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