Robert W. Baird Cuts Hillman Solutions (NASDAQ:HLMN) Price Target to $8.00

Hillman Solutions (NASDAQ:HLMN) had its price objective reduced by Robert W. Baird from $9.00 to $8.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also recently issued reports on HLMN. William Blair downgraded shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Benchmark reiterated a “buy” rating and set a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays dropped their price target on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, Baird R W cut shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Hillman Solutions has a consensus rating of “Hold” and an average target price of $11.25.

Hillman Solutions Stock Up 1.6 %

NASDAQ:HLMN opened at $7.14 on Wednesday. Hillman Solutions has a twelve month low of $6.64 and a twelve month high of $12.08. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 89.26 and a beta of 1.67. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average price is $8.44 and its two-hundred day moving average price is $9.76.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Equities research analysts expect that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLMN. Envestnet Portfolio Solutions Inc. boosted its position in shares of Hillman Solutions by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock valued at $227,000 after acquiring an additional 1,061 shares during the period. Xponance Inc. raised its stake in Hillman Solutions by 10.1% in the 4th quarter. Xponance Inc. now owns 14,106 shares of the company’s stock worth $137,000 after purchasing an additional 1,297 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Hillman Solutions by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock worth $329,000 after purchasing an additional 1,325 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Hillman Solutions by 12.4% during the 1st quarter. Principal Financial Group Inc. now owns 13,482 shares of the company’s stock worth $119,000 after purchasing an additional 1,491 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Hillman Solutions by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock valued at $1,404,000 after buying an additional 1,562 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

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.