Hillman Solutions (NASDAQ:HLMN) Downgraded to “Hold” Rating by Wall Street Zen

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

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

Hillman Solutions Trading Down 1.5%

NASDAQ HLMN opened at $8.14 on Friday. The business’s fifty day moving average is $9.35 and its 200-day moving average is $9.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 38.76 and a beta of 1.67. Hillman Solutions has a one year low of $6.55 and a one year 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. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The company had revenue of $365.14 million during the quarter, compared to analyst estimates of $371.69 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts predict that Hillman Solutions will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Reinhart Partners LLC. boosted its position in shares of Hillman Solutions by 8.8% in 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 period. Burgundy Asset Management Ltd. increased its holdings in Hillman Solutions by 18.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock worth $79,986,000 after acquiring an additional 1,712,688 shares during the period. Bank of Montreal Can increased its holdings in 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 acquiring an additional 10,839,127 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hillman Solutions by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,788,859 shares of the company’s stock worth $76,114,000 after purchasing an additional 310,732 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in 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 purchasing an additional 2,972,293 shares in the last quarter. 98.11% of the stock is 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.