Hillman Solutions (NASDAQ:HLMN) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Hillman Solutions (NASDAQ:HLMN) from a Buy to a Hold; MarketBeat shows a consensus Hold rating with a $12.50 consensus price target based on three Buys, one Hold and one Sell.
• Recent results missed expectations: Q reported EPS of $0.07 (down $0.01 vs. consensus) and revenue of $370.07M, with a net margin of 2.3% and ROE of 9.15%; the stock trades near $7.86 with a PE of 41.37 and a market cap around $1.55B.
• Insider Amanda Kitzberger sold 11,804 shares (about a 13.98% reduction in her stake); insiders own 4.9% of the company while institutional investors hold ~98.11%, including large positions from Reinhart, Bank of Montreal, Dimensional, Conestoga and State Street.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

HLMN has been the subject of a number of other research reports. Benchmark dropped their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a "buy" rating for the company in a report on Friday, February 20th. Canaccord Genuity Group restated a "buy" rating and set a $14.00 price target on shares of Hillman Solutions in a research report on Tuesday, March 24th. Finally, Weiss Ratings cut shares of Hillman Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hillman Solutions has a consensus rating of "Hold" and a consensus price target of $12.50.

Hillman Solutions Stock Performance

Shares of NASDAQ:HLMN opened at $7.86 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.95 and a quick ratio of 0.62. Hillman Solutions has a 1 year low of $6.55 and a 1 year high of $10.85. The firm has a market capitalization of $1.55 billion, a PE ratio of 41.37, a P/E/G ratio of 1.13 and a beta of 1.47. The business's 50 day moving average price is $8.35 and its 200-day moving average price is $8.94.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $370.07 million during the quarter, compared to analyst estimates of $371.73 million. Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. As a group, equities research analysts expect that Hillman Solutions will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hillman Solutions news, insider Amanda Kitzberger sold 11,804 shares of the company's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total value of $97,855.16. Following the completion of the sale, the insider directly owned 72,605 shares in the company, valued at $601,895.45. This represents a 13.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.90% of the company's stock.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds have recently modified their holdings of the company. Reinhart Partners LLC. increased its position in Hillman Solutions by 8.8% during the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company's stock worth $98,625,000 after purchasing an additional 916,986 shares during the last quarter. Bank of Montreal Can boosted its holdings in Hillman Solutions by 71,052.9% in the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company's stock valued at $93,999,000 after purchasing an additional 10,839,127 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hillman Solutions by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,788,859 shares of the company's stock valued at $76,114,000 after purchasing an additional 310,732 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Hillman Solutions by 4.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company's stock valued at $49,487,000 after buying an additional 230,580 shares during the period. Finally, State Street Corp increased its holdings in shares of Hillman Solutions by 0.7% during the 4th quarter. State Street Corp now owns 4,313,518 shares of the company's stock worth $37,355,000 after buying an additional 28,735 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

About Hillman Solutions

Hillman Solutions NASDAQ: HLMN is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company's portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman's product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.

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