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

Key Points

• Hillman Solutions fell to a new 52-week low, trading as low as $6.94 versus its prior close of $7.28.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $12.67; Canaccord lowered its target to $13, while Barclays raised its target to $11.
• The company’s latest quarterly results met expectations with $0.17 in earnings per share and exceeded revenue estimates, reporting $442.25 million compared with the $433.67 million consensus.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.94 and last traded at $6.9750, with a volume of 1246355 shares changing hands. The stock had previously closed at $7.28.

Analysts Set New Price Targets

HLMN has been the topic of several research reports. Weiss Ratings upgraded shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Canaccord Genuity Group cut their price objective on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Finally, Barclays upped their price objective on Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hillman Solutions currently has a consensus rating of "Hold" and a consensus target price of $12.67.

Hillman Solutions Stock Performance

The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.06 and a beta of 1.38. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $8.16 and a 200 day moving average of $8.08.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, meeting analysts' consensus estimates of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The firm had revenue of $442.25 million during the quarter, compared to analyst estimates of $433.67 million. As a group, equities research analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In related news, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the sale, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. The trade was a 24.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.30% of the company's stock.

Institutional Trading of Hillman Solutions

Several institutional investors have recently added to or reduced their stakes in HLMN. Engineers Gate Manager LP bought a new stake in shares of Hillman Solutions in the 2nd quarter worth about $345,000. Integrated Wealth Concepts LLC bought a new position in shares of Hillman Solutions during the second quarter worth about $25,000. Amundi lifted its position in shares of Hillman Solutions by 374.1% during the second quarter. Amundi now owns 75,215 shares of the company's stock worth $635,000 after purchasing an additional 59,351 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Hillman Solutions in the second quarter worth about $110,000. Finally, California State Teachers Retirement System grew its stake in Hillman Solutions by 721.7% in the second quarter. California State Teachers Retirement System now owns 1,936,330 shares of the company's stock worth $16,343,000 after purchasing an additional 1,700,678 shares in the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

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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