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

Hillman Solutions Corp. (NASDAQ:HLMN)’s share price reached a new 52-week low on Friday . The stock traded as low as $6.62 and last traded at $6.65, with a volume of 521916 shares trading hands. The stock had previously closed at $6.70.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Baird R W cut shares of Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Barclays dropped their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Robert W. Baird dropped their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Finally, Raymond James Financial set a $10.00 price target on shares of Hillman Solutions and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hillman Solutions has an average rating of “Hold” and an average target price of $11.00.

Hillman Solutions Stock Performance

The firm’s fifty day moving average price is $7.44 and its 200 day moving average price is $8.89. The company has a current ratio of 2.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 74.01 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. The firm had revenue of $359.34 million for the quarter, compared to analyst estimates of $358.14 million. During the same period in the prior year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts forecast that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of Hillman Solutions stock in a transaction on Thursday, May 1st. The shares were bought at an average cost of $7.09 per share, for a total transaction of $992,600.00. Following the acquisition, the chief financial officer now directly owns 632,752 shares in the company, valued at $4,486,211.68. This represents a 28.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds have recently added to or reduced their stakes in HLMN. Vanguard Group Inc. increased its position in shares of Hillman Solutions by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company’s stock valued at $172,067,000 after purchasing an additional 134,830 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Hillman Solutions by 0.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company’s stock valued at $124,949,000 after purchasing an additional 64,966 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Hillman Solutions by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company’s stock valued at $83,416,000 after purchasing an additional 613,865 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after purchasing an additional 509,016 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of Hillman Solutions by 13.8% in the 1st quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company’s stock valued at $76,115,000 after purchasing an additional 1,046,765 shares during the last quarter. 98.11% of the stock is currently 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.