Hillman Solutions (NASDAQ:HLMN) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of Hillman Solutions (NASDAQ:HLMNFree Report) to a strong-buy rating in a research note published on Thursday,Zacks reports.

Several other research firms have also issued reports on HLMN. Barclays boosted their target price on shares of 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 raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Finally, Canaccord Genuity Group dropped their price objective on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hillman Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $12.67.

Check Out Our Latest Report on HLMN

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $6.98 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. Hillman Solutions has a fifty-two week low of $6.93 and a fifty-two week high of $10.85. The company has a 50 day simple moving average of $8.14 and a two-hundred day simple moving average of $8.07. The company has a market capitalization of $1.36 billion, a PE ratio of 31.73, a P/E/G ratio of 1.02 and a beta of 1.38.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. The company had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Research analysts anticipate that Hillman Solutions will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Hillman Solutions

In other news, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the sale, the insider owned 54,723 shares in the company, valued at $468,976.11. The trade was a 24.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Amanda Kitzberger sold 13,750 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the transaction, the insider owned 58,855 shares in the company, valued at $426,698.75. The trade was a 18.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors have recently made changes to their positions in HLMN. MGO One Seven LLC lifted its stake in shares of Hillman Solutions by 3.8% during the 4th quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock valued at $260,000 after buying an additional 1,109 shares in the last quarter. MQS Management LLC grew its stake in Hillman Solutions by 11.1% in the 4th quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after buying an additional 1,406 shares in the last quarter. Wealth Alliance LLC grew its stake in Hillman Solutions by 4.7% in the 1st quarter. Wealth Alliance LLC now owns 38,726 shares of the company’s stock valued at $322,000 after buying an additional 1,733 shares in the last quarter. ProShare Advisors LLC raised its holdings in Hillman Solutions by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 36,213 shares of the company’s stock valued at $314,000 after acquiring an additional 2,332 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of Hillman Solutions by 1.4% during the second quarter. California State Teachers Retirement System now owns 181,427 shares of the company’s stock worth $1,295,000 after acquiring an additional 2,522 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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