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Hillman Solutions (NASDAQ:HLMN) Lowered to Hold Rating by Wall Street Zen

Hillman Solutions logo with Construction background

Key Points

  • Hillman Solutions has been downgraded to a "hold" rating by Wall Street Zen, following previous upgrades from different analysts.
  • The company's current stock price is $7.75, down 1.8%, and it has a consensus price target of $10.75 from several analysts.
  • Recent activity among hedge funds has resulted in significant changes to their positions, with LPL Financial increasing its holdings by 35.5% in the last quarter.
  • Five stocks to consider instead of Hillman Solutions.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

A number of other equities analysts also recently commented on HLMN. Stifel Nicolaus began coverage on shares of Hillman Solutions in a research report on Monday, July 14th. They set a "buy" rating and a $9.50 price objective for the company. Robert W. Baird cut their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Barclays cut their price objective on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, Raymond James Financial set a $10.00 price objective on shares of Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hillman Solutions presently has a consensus rating of "Hold" and a consensus price target of $10.75.

Check Out Our Latest Analysis on HLMN

Hillman Solutions Stock Down 1.8%

Shares of Hillman Solutions stock opened at $7.75 on Friday. The company has a market cap of $1.53 billion, a P/E ratio of 86.12 and a beta of 1.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 2.46. Hillman Solutions has a one year low of $6.55 and a one year high of $12.08. The firm has a fifty day moving average of $7.47 and a two-hundred day moving average of $8.37.

Hedge Funds Weigh In On Hillman Solutions

A number of large investors have recently made changes to their positions in HLMN. LPL Financial LLC increased its holdings in shares of Hillman Solutions by 35.5% in the 4th quarter. LPL Financial LLC now owns 195,187 shares of the company's stock valued at $1,901,000 after purchasing an additional 51,085 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Hillman Solutions by 629.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 529,235 shares of the company's stock valued at $5,155,000 after purchasing an additional 456,666 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Hillman Solutions in the 4th quarter valued at about $2,157,000. ExodusPoint Capital Management LP purchased a new position in shares of Hillman Solutions in the 4th quarter valued at about $425,000. Finally, Wells Fargo & Company MN increased its holdings in Hillman Solutions by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,768,355 shares of the company's stock valued at $17,224,000 after acquiring an additional 16,048 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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