Barclays Issues Pessimistic Forecast for Hillman Solutions (NASDAQ:HLMN) Stock Price

Hillman Solutions (NASDAQ:HLMN) had its price objective trimmed by Barclays from $12.00 to $11.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group boosted their target price on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird boosted their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Benchmark increased their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Hillman Solutions Stock Down 1.4 %

Hillman Solutions stock opened at $10.03 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions has a fifty-two week low of $8.43 and a fifty-two week high of $12.08. The firm has a fifty day moving average price of $10.54 and a two-hundred day moving average price of $10.12. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 250.81 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. As a group, analysts forecast that Hillman Solutions will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $11.18, for a total value of $221,129.22. Following the sale, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Scott Ride sold 72,523 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now owns 70,369 shares of the company’s stock, valued at $750,133.54. This trade represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently made changes to their positions in HLMN. Nordea Investment Management AB bought a new position in Hillman Solutions during the 4th quarter valued at about $4,631,000. WCM Investment Management LLC raised its stake in shares of Hillman Solutions by 1.5% in the third quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock valued at $34,724,000 after acquiring an additional 49,306 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Hillman Solutions by 131.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after acquiring an additional 914,151 shares in the last quarter. Atria Investments Inc grew its position in Hillman Solutions by 24.5% during the 3rd quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock worth $799,000 after acquiring an additional 14,904 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Hillman Solutions by 20.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock valued at $357,000 after purchasing an additional 5,273 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.