Hillman Solutions (NASDAQ:HLMN) Hits New 1-Year Low – Here’s What Happened

Hillman Solutions Corp (NASDAQ:HLMN) reached a new 52-week low during trading on Thursday . The stock traded as low as $8.08 and last traded at $8.10, with a volume of 239758 shares changing hands. The stock had previously closed at $8.99.

Analyst Upgrades and Downgrades

HLMN has been the topic of several research reports. Barclays dropped their price objective on shares of 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 reissued a “buy” rating and issued a $16.00 price target on shares of Hillman Solutions in a report on Wednesday, February 19th. William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Robert W. Baird cut their target price on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Hillman Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Hillman Solutions Trading Down 9.3 %

The firm has a 50-day moving average of $9.68 and a 200 day moving average of $10.22. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 101.89 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $349.56 million for the quarter, compared to analyst estimates 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 business posted $0.10 earnings per share. As a group, equities analysts predict that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new stake in Hillman Solutions in the third quarter worth approximately $334,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hillman Solutions by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,415,894 shares of the company’s stock valued at $25,512,000 after buying an additional 95,022 shares during the period. FMR LLC lifted its holdings in shares of Hillman Solutions by 338.9% in the third quarter. FMR LLC now owns 22,199 shares of the company’s stock valued at $234,000 after buying an additional 17,141 shares during the period. Quarry LP bought a new position in Hillman Solutions during the third quarter valued at about $43,000. Finally, EP Wealth Advisors LLC acquired a new position in Hillman Solutions during the third quarter worth about $210,000. 98.11% of the stock is currently owned by 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.