Hillman Solutions (NASDAQ:HLMN) Shares Gap Down – Should You Sell?

Hillman Solutions Corp (NASDAQ:HLMN)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $7.92, but opened at $7.50. Hillman Solutions shares last traded at $7.67, with a volume of 124,470 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HLMN shares. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Benchmark reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Robert W. Baird reiterated a “neutral” rating and set a $9.00 price target (down from $12.00) on shares of Hillman Solutions in a report on Wednesday. Finally, Barclays cut their target price on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.50.

Hillman Solutions Trading Down 4.7 %

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 firm has a fifty day simple moving average of $9.16 and a 200-day simple moving average of $10.01. The firm has a market cap of $1.49 billion, a P/E ratio of 94.39 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results 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). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The business had revenue of $349.56 million during the quarter, compared to the consensus estimate of $350.45 million. During the same period in the previous year, the business posted $0.10 EPS. On average, equities research analysts expect that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Institutional Trading of Hillman Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its holdings in shares of Hillman Solutions by 338.9% in the 3rd quarter. FMR LLC now owns 22,199 shares of the company’s stock worth $234,000 after purchasing an additional 17,141 shares during the period. XTX Topco Ltd bought a new stake in shares of Hillman Solutions during the 3rd quarter worth $275,000. Barclays PLC boosted its stake in Hillman Solutions by 326.8% in the third quarter. Barclays PLC now owns 305,468 shares of the company’s stock worth $3,226,000 after buying an additional 233,894 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Hillman Solutions by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after purchasing an additional 113,692 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Hillman Solutions by 20.0% during the third quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock valued at $357,000 after buying an additional 5,273 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Company Profile

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.