Hillman Solutions (NASDAQ:HLMN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hillman Solutions (NASDAQ:HLMN) from a buy rating to a strong-buy rating in a report released on Saturday.

Several other analysts have also weighed in on HLMN. Stifel Nicolaus lifted their price objective on Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Barclays lifted their price objective on Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group raised their target price on Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.83.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $9.77 on Friday. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $12.08. The firm has a market capitalization of $1.93 billion, a PE ratio of 88.83 and a beta of 1.67. The business’s 50 day moving average is $9.09 and its 200-day moving average is $8.29. The company has a current ratio of 2.28, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The company had revenue of $402.80 million for the quarter, compared to analyst estimates of $389.45 million. The company’s revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. Sell-side analysts predict that Hillman Solutions will post 0.58 earnings per share for the current year.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction on Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the transaction, the insider owned 56,618 shares in the company, valued at approximately $558,253.48. The trade was a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors have recently bought and sold shares of the business. White Pine Capital LLC raised its position in Hillman Solutions by 1.1% in the 2nd quarter. White Pine Capital LLC now owns 95,358 shares of the company’s stock valued at $681,000 after purchasing an additional 1,074 shares during the last quarter. Bank of Montreal Can raised its position in Hillman Solutions by 8.0% in the 2nd quarter. Bank of Montreal Can now owns 17,128 shares of the company’s stock valued at $122,000 after purchasing an additional 1,268 shares during the last quarter. Cetera Investment Advisers raised its position in Hillman Solutions by 4.1% in the 4th quarter. Cetera Investment Advisers now owns 33,743 shares of the company’s stock valued at $329,000 after purchasing an additional 1,325 shares during the last quarter. Principal Financial Group Inc. raised its position in Hillman Solutions by 12.4% in the 1st quarter. Principal Financial Group Inc. now owns 13,482 shares of the company’s stock valued at $119,000 after purchasing an additional 1,491 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Hillman Solutions by 2.5% in the 1st quarter. Victory Capital Management Inc. now owns 76,530 shares of the company’s stock valued at $673,000 after purchasing an additional 1,872 shares during the last quarter. Institutional investors 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.