Hillman Solutions (NASDAQ:HLMN) Shares Gap Down – Should You Sell?

Hillman Solutions Corp (NASDAQ:HLMN) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.92, but opened at $7.50. Hillman Solutions shares last traded at $7.67, with a volume of 124,470 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Baird R W downgraded Hillman Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Barclays reduced their price objective on Hillman Solutions from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird reissued a “neutral” rating and set a $9.00 price objective (down previously from $12.00) on shares of Hillman Solutions in a research note on Wednesday. Benchmark reiterated a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a report on Wednesday, February 19th. 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.50.

Hillman Solutions Stock Up 1.1 %

The firm has a market capitalization of $1.51 billion, a PE ratio of 95.39 and a beta of 1.67. 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 business’s 50 day simple moving average is $9.06 and its 200 day simple moving average is $9.97.

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 the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The business had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. During the same quarter last year, the business posted $0.10 earnings per share. On average, equities research analysts forecast that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds have recently modified their holdings of HLMN. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 509,016 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in Hillman Solutions by 1.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company’s stock valued at $86,452,000 after buying an additional 160,505 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of Hillman Solutions by 13.8% in the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company’s stock worth $76,115,000 after acquiring an additional 1,046,765 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hillman Solutions by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock valued at $62,521,000 after buying an additional 605,049 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock valued at $50,203,000 after purchasing an additional 113,692 shares during the period. Hedge funds and other institutional investors 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.