Robert W. Baird Issues Pessimistic Forecast for Hillman Solutions (NASDAQ:HLMN) Stock Price

Hillman Solutions (NASDAQ:HLMN) had its price objective reduced by research analysts at Robert W. Baird from $14.00 to $12.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 18.52% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Barclays cut their target price on shares of Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Benchmark upped their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Hillman Solutions Stock Down 1.1 %

HLMN stock opened at $10.13 on Wednesday. The stock has a market capitalization of $1.99 billion, a P/E ratio of 126.58 and a beta of 1.68. The firm has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $10.25. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. Hillman Solutions has a 52 week low of $8.43 and a 52 week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $349.56 million for the quarter, compared to analysts’ expectations of $350.45 million. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. During the same period in the prior year, the firm earned $0.10 EPS. Equities analysts forecast that Hillman Solutions will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now owns 55,811 shares of the company’s stock, valued at $623,966.98. This represents a 26.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Hillman Solutions

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake 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 during the period. Burgundy Asset Management Ltd. grew its stake in shares of Hillman Solutions by 1.8% in the 4th 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 period. Reinhart Partners LLC. lifted its holdings in shares of Hillman Solutions by 1.7% in the 4th quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after acquiring an additional 130,273 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hillman Solutions by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company’s stock worth $62,521,000 after acquiring an additional 605,049 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 worth $50,203,000 after acquiring an additional 113,692 shares during the last quarter. 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.