Hillman Solutions (NASDAQ:HLMN) Hits New 12-Month Low - What's Next?

Shares of Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.62 and last traded at $6.65, with a volume of 521916 shares changing hands. The stock had previously closed at $6.70.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Raymond James Financial set a $10.00 price target on shares of Hillman Solutions and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Robert W. Baird cut their price objective on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Baird R W downgraded shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Barclays cut their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Hillman Solutions presently has a consensus rating of "Hold" and an average target price of $11.00.

Hillman Solutions Stock Performance

The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 76.23 and a beta of 1.68. The firm has a 50 day moving average price of $7.44 and a 200-day moving average price of $8.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.46 and a quick ratio of 0.79.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $359.34 million during the quarter, compared to analysts' expectations of $358.14 million. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 EPS. As a group, sell-side analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hillman Solutions news, CFO Robert O. Kraft acquired 140,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $7.09 per share, with a total value of $992,600.00. Following the purchase, the chief financial officer now directly owns 632,752 shares in the company, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Hillman Solutions by 4.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after purchasing an additional 1,061 shares in the last quarter. Xponance Inc. raised its stake in shares of Hillman Solutions by 10.1% during the fourth quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after purchasing an additional 1,297 shares during the period. Cetera Investment Advisers lifted its position in shares of Hillman Solutions by 4.1% during the fourth quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock worth $329,000 after purchasing an additional 1,325 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Hillman Solutions by 12.4% during the first quarter. Principal Financial Group Inc. now owns 13,482 shares of the company's stock worth $119,000 after purchasing an additional 1,491 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Hillman Solutions by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock valued at $1,404,000 after purchasing an additional 1,562 shares during the period. Institutional investors and hedge funds 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.