Hillman Solutions (NASDAQ:HLMN) Reaches New 52-Week Low – Here’s What Happened

Shares of Hillman Solutions Corp (NASDAQ:HLMN) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.10 and last traded at $9.33, with a volume of 335 shares trading hands. The stock had previously closed at $9.17.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Barclays dropped their price target on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. The company’s 50-day moving average price is $9.89 and its two-hundred day moving average price is $10.29. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 114.10 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities research analysts anticipate that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Hillman Solutions

A number of large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its holdings in Hillman Solutions by 62.6% in the fourth quarter. Mackenzie Financial Corp now owns 20,485 shares of the company’s stock worth $200,000 after purchasing an additional 7,890 shares during the period. Neo Ivy Capital Management acquired a new stake in Hillman Solutions in the fourth quarter worth $674,000. Burgundy Asset Management Ltd. grew its holdings in Hillman Solutions by 1.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock worth $86,452,000 after purchasing an additional 160,505 shares during the period. PharVision Advisers LLC acquired a new stake in Hillman Solutions in the fourth quarter worth $345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Hillman Solutions by 25.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 372,328 shares of the company’s stock worth $3,626,000 after purchasing an additional 74,506 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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.