Hillman Solutions (NASDAQ:HLMN) Reaches New 1-Year Low - Here's Why

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

Wall Street Analysts Forecast Growth

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

Hillman Solutions Stock Down 0.8%

The firm has a market capitalization of $1.31 billion, a P/E ratio of 73.84 and a beta of 1.68. The company has a fifty day simple moving average of $7.46 and a 200 day simple moving average of $8.94. The company has a quick ratio of 0.79, a current ratio of 2.46 and a debt-to-equity ratio of 0.60.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $359.34 million for 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%. Hillman Solutions's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. On average, equities analysts expect that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert O. Kraft bought 140,000 shares of the stock in a transaction on Thursday, May 1st. The shares were acquired at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the purchase, the chief financial officer now owns 632,752 shares of the company's stock, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Hillman Solutions by 0.7% during the first quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock worth $172,067,000 after purchasing an additional 134,830 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Hillman Solutions by 0.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company's stock valued at $124,949,000 after acquiring an additional 64,966 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Hillman Solutions by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company's stock valued at $83,416,000 after purchasing an additional 613,865 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Hillman Solutions by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after purchasing an additional 509,016 shares during the last quarter. Finally, Reinhart Partners LLC. increased its holdings in shares of Hillman Solutions by 13.8% in the 1st quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock worth $76,115,000 after buying an additional 1,046,765 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

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.

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