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

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research report on Wednesday, February 19th. Robert W. Baird decreased their target price on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. William Blair lowered shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Barclays decreased their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Price Performance

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 firm has a market cap of $1.81 billion, a price-to-earnings ratio of 114.10 and a beta of 1.68. The company’s 50-day moving average is $9.89 and its 200-day moving average is $10.29.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) 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 in the prior year, the business posted $0.10 EPS. Equities research analysts predict that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. lifted its stake in Hillman Solutions by 4.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $227,000 after purchasing an additional 1,061 shares during the last quarter. Xponance Inc. lifted its stake in Hillman Solutions by 10.1% in the 4th quarter. Xponance Inc. now owns 14,106 shares of the company’s stock valued at $137,000 after purchasing an additional 1,297 shares during the last quarter. Cetera Investment Advisers lifted its stake in Hillman Solutions by 4.1% in the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock valued at $329,000 after purchasing an additional 1,325 shares during the last quarter. HighTower Advisors LLC lifted its stake in Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock valued at $1,404,000 after purchasing an additional 1,562 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Hillman Solutions by 231.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after purchasing an additional 2,317 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

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.