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

Hillman Solutions (NASDAQ:HLMN) had its price target cut by stock analysts at Robert W. Baird from $14.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 18.34% from the company’s current price.

HLMN has been the subject of several other research reports. Benchmark increased their target price on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays reduced their price objective on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Finally, William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Hillman Solutions Price Performance

Shares of Hillman Solutions stock opened at $10.14 on Wednesday. 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 fifty day simple moving average of $10.05 and a 200-day simple moving average of $10.25. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 253.56 and a beta of 1.68. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. During the same quarter last year, the business posted $0.10 EPS. On average, sell-side analysts expect that Hillman Solutions will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Philip Woodlief sold 19,779 shares of the business’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 transaction of $221,129.22. Following the sale, the director now directly owns 55,811 shares in the company, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. acquired a new position in shares of Hillman Solutions in the 4th quarter valued at $17,290,000. Raymond James Financial Inc. bought a new stake in Hillman Solutions in the fourth quarter valued at about $11,318,000. Harbor Capital Advisors Inc. increased its stake in Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after acquiring an additional 914,151 shares during the period. Dimensional Fund Advisors LP raised its position in Hillman Solutions by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock worth $62,521,000 after purchasing an additional 605,049 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Hillman Solutions by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock worth $89,199,000 after purchasing an additional 509,016 shares during the period. Institutional investors and hedge funds 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.