Canaccord Genuity Group Cuts Hillman Solutions (NASDAQ:HLMN) Price Target to $13.00

Hillman Solutions (NASDAQ:HLMN) had its target price cut by Canaccord Genuity Group from $14.00 to $13.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. Raymond James Financial downgraded Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group raised Hillman Solutions to a “strong-buy” rating in a report on Thursday, September 10th. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Finally, Barclays lifted their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.67.

Hillman Solutions Trading Up 1.4%

Shares of Hillman Solutions stock opened at $7.04 on Thursday. The firm’s 50 day moving average is $7.87 and its 200 day moving average is $7.94. The firm has a market capitalization of $1.37 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. Hillman Solutions has a 1 year low of $6.66 and a 1 year high of $10.85. 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 for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. Equities research analysts forecast that Hillman Solutions will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total value of $99,687.50. Following the completion of the sale, the insider directly owned 58,855 shares in the company, valued at $426,698.75. This represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert Kraft bought 35,500 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of $7.00 per share, with a total value of $248,500.00. Following the completion of the transaction, the chief financial officer owned 697,090 shares in the company, valued at $4,879,630. The trade was a 5.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 5.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hillman Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Hillman Solutions during the 2nd quarter valued at approximately $125,138,000. Dimensional Fund Advisors LP lifted its position in shares of Hillman Solutions by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after purchasing an additional 870,216 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Hillman Solutions in the 2nd quarter worth approximately $67,324,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Hillman Solutions in the 2nd quarter valued at $30,105,000. Finally, GW&K Investment Management LLC boosted its stake in shares of Hillman Solutions by 0.3% in the 4th quarter. GW&K Investment Management LLC now owns 3,089,708 shares of the company’s stock valued at $26,756,000 after purchasing an additional 8,421 shares during the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ: HLMN) is a provider of hardware products and related services for home improvement retailers, mass merchants, and other retail customers. The company supplies products used in home repair, maintenance, security, identification, and organization.

Its product portfolio includes residential, automotive, and commercial keys; key duplication and kiosk services through its MinuteKey business; fasteners; picture-hanging and home organization products; engravable tags; builder’s hardware; and other small hardware items.