Hillman Solutions (NASDAQ:HLMN) Cut to Buy at Wall Street Zen

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

A number of other research firms have also weighed in on HLMN. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Benchmark decreased their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday. 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 research report on Wednesday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Hillman Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Hillman Solutions Trading Up 2.3%

NASDAQ:HLMN opened at $8.95 on Friday. Hillman Solutions has a 12-month low of $6.55 and a 12-month high of $10.85. The firm has a market cap of $1.77 billion, a PE ratio of 42.62 and a beta of 1.65. The company has a current ratio of 2.51, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $9.50 and a 200 day moving average price of $9.39.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $365.14 million during 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%.Hillman Solutions’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Sell-side analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLMN. CWM LLC increased its stake in Hillman Solutions by 106.3% in the third quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Hillman Solutions in the 4th quarter valued at $33,000. Los Angeles Capital Management LLC purchased a new position in shares of Hillman Solutions in the 4th quarter valued at $37,000. Brown Brothers Harriman & Co. acquired a new stake in Hillman Solutions during the 3rd quarter worth $59,000. Finally, Advisory Services Network LLC acquired a new stake in Hillman Solutions during the 3rd quarter worth $63,000. 98.11% of the stock is owned by institutional investors and hedge funds.

About Hillman Solutions

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.