Robert W. Baird Cuts Hillman Solutions (NASDAQ:HLMN) Price Target to $12.00

Hillman Solutions (NASDAQ:HLMN) had its price target lowered by Robert W. Baird from $14.00 to $12.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also weighed in on the company. Benchmark lifted their price objective on Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Finally, Barclays lowered their price target 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Hillman Solutions Stock Down 1.0 %

HLMN opened at $10.02 on Wednesday. The company’s 50-day moving average price is $10.00 and its two-hundred day moving average price is $10.26. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions has a twelve month low of $8.43 and a twelve month high of $12.08. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 125.27 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.10 EPS 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 firm had revenue of $349.56 million during the quarter, compared to analysts’ expectations of $350.45 million. During the same quarter in the previous year, the company posted $0.10 EPS. As a group, equities analysts expect that Hillman Solutions will post 0.6 earnings per share for the current year.

Insider Activity

In related news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction 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 owns 55,811 shares in the company, valued at approximately $623,966.98. This trade represents a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLMN. Federated Hermes Inc. bought a new stake in shares of Hillman Solutions during the 4th quarter valued at about $25,000. R Squared Ltd purchased a new stake in Hillman Solutions in the fourth quarter valued at approximately $32,000. First Horizon Advisors Inc. lifted its position in Hillman Solutions by 231.7% during the third 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. Quarry LP purchased a new position in Hillman Solutions in the 3rd quarter worth approximately $43,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Hillman Solutions by 765.8% in the 4th quarter. Sterling Capital Management LLC now owns 5,169 shares of the company’s stock worth $50,000 after buying an additional 4,572 shares during the last quarter. 98.11% of the stock is currently 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.