Wall Street Zen Downgrades Hillman Solutions (NASDAQ:HLMN) to Buy

Hillman Solutions (NASDAQ:HLMN) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group dropped their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Finally, Benchmark lowered their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold 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 $11.33.

Hillman Solutions Stock Up 2.3%

HLMN opened at $8.95 on Friday. The business has a 50 day moving average price of $9.50 and a two-hundred day moving average price of $9.38. The company has a quick ratio of 0.62, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.77 billion, a PE ratio of 42.62 and a beta of 1.65. Hillman Solutions has a 52 week low of $6.55 and a 52 week high of $10.85.

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

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of Hillman Solutions by 80.5% during the 1st 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. boosted its holdings in Hillman Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 116,919 shares of the company’s stock worth $1,028,000 after buying an additional 5,104 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hillman Solutions by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,947 shares of the company’s stock worth $3,463,000 after buying an additional 21,619 shares during the period. Jane Street Group LLC grew its position in Hillman Solutions by 334.9% during the first 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, Stratos Wealth Partners LTD. increased its holdings in Hillman Solutions by 18.1% in the second quarter. Stratos Wealth Partners LTD. now owns 15,206 shares of the company’s stock valued at $109,000 after buying an additional 2,328 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Hillman Solutions Company Profile

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.