Wall Street Zen Downgrades Hillman Solutions (NASDAQ:HLMN) to Hold

Hillman Solutions (NASDAQ:HLMN) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other research analysts have also issued reports on HLMN. Benchmark cut their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Finally, Canaccord Genuity Group dropped their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $11.33.

Hillman Solutions Trading Down 1.5%

Shares of HLMN stock opened at $8.14 on Friday. Hillman Solutions has a fifty-two week low of $6.55 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.62 and a current ratio of 2.51. The stock has a 50 day simple moving average of $9.35 and a two-hundred day simple moving average of $9.28. The company has a market cap of $1.60 billion, a P/E ratio of 38.76 and a beta of 1.67.

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

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after buying an additional 10,839,127 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Hillman Solutions by 65.9% in the 2nd quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock worth $53,408,000 after buying an additional 2,972,293 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Hillman Solutions by 18.0% in the second quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after acquiring an additional 1,712,688 shares in the last quarter. UBS Group AG grew its holdings in shares of Hillman Solutions by 112.2% in the fourth quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after acquiring an additional 1,412,693 shares in the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of Hillman Solutions by 8.8% during the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after acquiring an additional 916,986 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.