Hillman Solutions (NASDAQ:HLMN) Price Target Cut to $8.00 by Analysts at Barclays

Hillman Solutions (NASDAQ:HLMN) had its target price decreased by Barclays from $11.00 to $8.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 7.67% from the company’s current price.

HLMN has been the subject of a number of other research reports. William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Robert W. Baird decreased their price target on shares of Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of Hillman Solutions in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.25.

Hillman Solutions Stock Performance

NASDAQ HLMN traded down $0.07 on Tuesday, reaching $7.43. 1,238,842 shares of the company’s stock traded hands, compared to its average volume of 924,975. The stock has a 50 day moving average price of $9.53 and a 200-day moving average price of $10.16. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 92.07 and a beta of 1.67. Hillman Solutions has a fifty-two week low of $7.35 and a fifty-two week high of $12.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last posted its earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $349.56 million during the quarter, compared to analyst estimates of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Equities research analysts predict that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB acquired a new stake in Hillman Solutions in the fourth quarter valued at approximately $4,631,000. JPMorgan Chase & Co. raised its stake in Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company’s stock valued at $89,199,000 after buying an additional 509,016 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Hillman Solutions by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,489,110 shares of the company’s stock worth $24,244,000 after acquiring an additional 73,216 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Hillman Solutions by 20.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,653 shares of the company’s stock valued at $357,000 after acquiring an additional 5,273 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Hillman Solutions by 108.9% during the 4th quarter. Intech Investment Management LLC now owns 66,158 shares of the company’s stock worth $644,000 after acquiring an additional 34,485 shares in the last quarter. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

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.