Hillman Solutions (NASDAQ:HLMN) Hits New 12-Month Low – Should You Sell?

Hillman Solutions Corp. (NASDAQ:HLMN)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $6.94 and last traded at $6.9750, with a volume of 1246355 shares. The stock had previously closed at $7.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Finally, Canaccord Genuity Group decreased their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Two research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.67.

Hillman Solutions Trading Down 4.3%

The firm has a market cap of $1.35 billion, a P/E ratio of 31.71, a P/E/G ratio of 1.06 and a beta of 1.38. The business’s 50-day moving average is $8.16 and its two-hundred day moving average is $8.08. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The firm had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. As a group, analysts expect that Hillman Solutions Corp. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In related news, insider Aaron Parker sold 17,381 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total value of $148,955.17. Following the sale, the insider owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HLMN. Integrated Wealth Concepts LLC bought a new stake in Hillman Solutions in the second quarter valued at $25,000. Kestra Advisory Services LLC bought a new position in shares of Hillman Solutions during the fourth quarter worth about $33,000. Los Angeles Capital Management LLC bought a new position in shares of Hillman Solutions during the fourth quarter worth about $37,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Hillman Solutions in the 2nd quarter worth about $42,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Hillman Solutions in the 3rd quarter worth about $59,000. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Company Profile

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.