Robert W. Baird Cuts Hillman Solutions (NASDAQ:HLMN) Price Target to $12.00

Hillman Solutions (NASDAQ:HLMN) had its price target decreased by Robert W. Baird from $14.00 to $12.00 in a report released on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on HLMN. Barclays reduced their price objective on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Benchmark raised their price target on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.60.

Hillman Solutions Stock Down 1.0 %

Shares of HLMN opened at $10.02 on Wednesday. The firm has a market cap of $1.97 billion, a P/E ratio of 125.27 and a beta of 1.68. Hillman Solutions has a 1 year low of $8.43 and a 1 year high of $12.08. The stock has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $10.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $349.56 million during the quarter, compared to analysts’ expectations of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period last year, the company posted $0.10 EPS. On average, analysts forecast that Hillman Solutions will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds have recently made changes to their positions in HLMN. Federated Hermes Inc. purchased a new stake in Hillman Solutions in the fourth quarter worth $25,000. R Squared Ltd bought a new position in Hillman Solutions in the 4th quarter worth $32,000. First Horizon Advisors Inc. lifted its position in shares of Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after purchasing an additional 2,317 shares during the period. Quarry LP bought a new stake in shares of Hillman Solutions during the 3rd quarter valued at about $43,000. Finally, Sterling Capital Management LLC increased its position in shares of Hillman Solutions by 765.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock valued at $50,000 after buying an additional 4,572 shares during the period. 98.11% of the stock is owned by hedge funds and other institutional investors.

About Hillman Solutions

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.