Hillman Solutions (NASDAQ:HLMN) Rating Lowered to Buy at Wall Street Zen

Wall Street Zen lowered shares of Hillman Solutions (NASDAQ:HLMN) from a strong-buy rating to a buy rating in a research note released on Friday morning.

HLMN has been the topic of several other research reports. Stifel Nicolaus boosted their target price on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Canaccord Genuity Group raised their price target on Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Barclays raised their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.83.

Hillman Solutions Stock Performance

Shares of NASDAQ HLMN opened at $9.17 on Friday. The stock has a market cap of $1.81 billion, a PE ratio of 83.37 and a beta of 1.67. Hillman Solutions has a 1 year low of $6.55 and a 1 year high of $12.08. The firm has a fifty day moving average price of $9.38 and a 200-day moving average price of $8.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results 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 net margin of 1.44% and a return on equity of 8.86%. The company had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. Equities analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $9.86, for a total transaction of $44,685.52. Following the completion of the sale, the insider directly owned 56,618 shares of the company’s stock, valued at approximately $558,253.48. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Skylands Capital LLC increased its position in shares of Hillman Solutions by 156.5% during the first quarter. Skylands Capital LLC now owns 124,000 shares of the company’s stock worth $1,090,000 after acquiring an additional 75,650 shares during the period. SG Americas Securities LLC purchased a new position in Hillman Solutions during the 1st quarter worth $567,000. Charles Schwab Investment Management Inc. raised its position in Hillman Solutions by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,800 shares of the company’s stock valued at $22,246,000 after purchasing an additional 41,690 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Hillman Solutions by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company’s stock worth $172,067,000 after buying an additional 134,830 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Hillman Solutions by 11.0% during the first quarter. Harbor Capital Advisors Inc. now owns 1,818,299 shares of the company’s stock valued at $15,983,000 after buying an additional 180,416 shares during the period. 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.