Hillman Solutions (NASDAQ:HLMN) Cut to Hold at Wall Street Zen

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

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

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $8.17 on Friday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 38.91 and a beta of 1.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.62 and a current ratio of 2.51. Hillman Solutions has a fifty-two week low of $6.55 and a fifty-two week high of $10.85. The firm’s 50-day simple moving average is $9.34 and its 200 day simple moving average is $9.26.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The firm had revenue of $365.14 million during the quarter, compared to analyst estimates of $371.69 million. During the same period in the previous year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Hillman Solutions by 80.5% during the first quarter. AQR Capital Management LLC now owns 55,109 shares of the company’s stock worth $484,000 after purchasing an additional 24,581 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hillman Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock valued at $1,028,000 after purchasing an additional 5,104 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Hillman Solutions by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock valued at $3,463,000 after buying an additional 21,619 shares in the last quarter. Jane Street Group LLC boosted its holdings in Hillman Solutions by 334.9% in the 1st quarter. Jane Street Group LLC now owns 298,438 shares of the company’s stock worth $2,623,000 after buying an additional 229,815 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Hillman Solutions by 8.0% in the 2nd quarter. Bank of Montreal Can now owns 17,128 shares of the company’s stock worth $122,000 after buying an additional 1,268 shares during the period. Institutional investors own 98.11% of the company’s stock.

About Hillman Solutions

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.