Baird R W Downgrades Hillman Solutions (NASDAQ:HLMN) to Hold

Hillman Solutions (NASDAQ:HLMN) was downgraded by investment analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird reiterated a “neutral” rating and set a $9.00 price objective (down previously from $12.00) on shares of Hillman Solutions in a research report on Wednesday. Barclays reduced their target price on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Benchmark restated a “buy” rating and set a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.50.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock opened at $7.63 on Wednesday. Hillman Solutions has a 52 week low of $7.24 and a 52 week high of $12.08. 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 stock has a market cap of $1.51 billion, a PE ratio of 95.39 and a beta of 1.67. The company’s 50-day moving average price is $9.06 and its two-hundred day moving average price is $9.97.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, sell-side analysts anticipate that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new stake in Hillman Solutions during the 4th quarter worth about $25,000. R Squared Ltd purchased a new stake in shares of Hillman Solutions in the fourth quarter worth approximately $32,000. Sterling Capital Management LLC boosted its holdings in shares of Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after purchasing an additional 4,572 shares during the period. Lazard Asset Management LLC grew its position in Hillman Solutions by 1,911.4% during the fourth quarter. Lazard Asset Management LLC now owns 6,517 shares of the company’s stock valued at $63,000 after purchasing an additional 6,193 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Hillman Solutions by 1,337.4% in the 4th quarter. Venturi Wealth Management LLC now owns 6,986 shares of the company’s stock valued at $68,000 after buying an additional 6,500 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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.