Hillman Solutions (NASDAQ:HLMN) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Hillman Solutions (NASDAQ:HLMN) from a buy rating to a hold rating in a research note published on Saturday morning.

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

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN opened at $8.14 on Friday. The stock’s 50-day moving average is $9.35 and its 200 day moving average is $9.28. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 38.76 and a beta of 1.67. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $10.85. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The business 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 firm earned $0.10 earnings per share. Hillman Solutions’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts anticipate that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

A number of institutional investors have recently made changes to their positions in HLMN. CWM LLC increased its stake in shares of Hillman Solutions by 106.3% in the third quarter. CWM LLC now owns 3,441 shares of the company’s stock worth $32,000 after buying an additional 1,773 shares during the period. Kestra Advisory Services LLC purchased a new stake in Hillman Solutions during the 4th quarter valued at $33,000. Los Angeles Capital Management LLC bought a new stake in Hillman Solutions in the 4th quarter worth $37,000. Brown Brothers Harriman & Co. bought a new stake in Hillman Solutions in the 3rd quarter worth $59,000. Finally, Advisory Services Network LLC purchased a new position in shares of Hillman Solutions in the third quarter valued at about $63,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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.