Robert W. Baird Lowers Hillman Solutions (NASDAQ:HLMN) Price Target to $12.00

Hillman Solutions (NASDAQ:HLMN) had its price objective lowered by stock analysts at Robert W. Baird from $14.00 to $12.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 18.34% from the stock’s previous close.

Several other brokerages also recently issued reports on HLMN. Benchmark boosted their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays lowered their price target on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, William Blair downgraded Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hillman Solutions has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Hillman Solutions Trading Down 2.1 %

NASDAQ:HLMN opened at $10.14 on Wednesday. The stock has a fifty day simple moving average of $10.05 and a 200 day simple moving average of $10.25. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 253.56 and a beta of 1.68. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. During the same quarter last year, the firm earned $0.10 earnings per share. Sell-side analysts forecast that Hillman Solutions will post 0.53 earnings per share for the current year.

Insider Activity

In other news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares in the company, valued at $623,966.98. The trade was a 26.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in Hillman Solutions by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock worth $227,000 after acquiring an additional 1,061 shares in the last quarter. Xponance Inc. lifted its stake in shares of Hillman Solutions by 10.1% in the 4th 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 last quarter. Cetera Investment Advisers boosted its holdings in Hillman Solutions by 4.1% in 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. HighTower Advisors LLC increased its position in Hillman Solutions by 1.1% during the fourth quarter. HighTower Advisors LLC now owns 144,163 shares of the company’s stock worth $1,404,000 after buying an additional 1,562 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Hillman Solutions by 231.7% during the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock worth $35,000 after buying an additional 2,317 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.