Hillman Solutions (NASDAQ:HLMN) Downgraded to Buy Rating by Wall Street Zen

Hillman Solutions (NASDAQ:HLMN) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group cut their target price on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday. Benchmark lowered their price target on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.33.

Hillman Solutions Price Performance

Shares of HLMN stock opened at $8.95 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.77. The company has a market capitalization of $1.77 billion, a PE ratio of 42.62 and a beta of 1.65. The firm’s 50-day moving average is $9.50 and its two-hundred day moving average is $9.39. Hillman Solutions has a 12 month low of $6.55 and a 12 month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $365.14 million during the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. Analysts predict that Hillman Solutions will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. White Pine Capital LLC grew its position in Hillman Solutions by 1.1% in the 2nd quarter. White Pine Capital LLC now owns 95,358 shares of the company’s stock valued at $681,000 after acquiring an additional 1,074 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Hillman Solutions by 3.8% in the fourth quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock valued at $260,000 after purchasing an additional 1,109 shares during the period. Bank of Montreal Can grew its holdings in shares of Hillman Solutions by 8.0% in the second quarter. Bank of Montreal Can now owns 17,128 shares of the company’s stock valued at $122,000 after purchasing an additional 1,268 shares in the last quarter. Tectonic Advisors LLC increased its stake in Hillman Solutions by 1.1% during the 3rd quarter. Tectonic Advisors LLC now owns 118,022 shares of the company’s stock worth $1,083,000 after buying an additional 1,324 shares during the period. Finally, MQS Management LLC increased its stake in Hillman Solutions by 11.1% during the 4th quarter. MQS Management LLC now owns 14,084 shares of the company’s stock worth $122,000 after buying an additional 1,406 shares during the period. 98.11% of the stock is currently owned by hedge funds and other 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.