Hillman Solutions (NASDAQ:HLMN) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Hillman Solutions (NASDAQ:HLMNGet Rating) from a sell rating to a hold rating in a research report released on Monday morning, Zacks.com reports.

According to Zacks, “Hillman Solutions Corp. is a provider of complete hardware solutions. It designs product and merchandising solutions for complex categories which deliver to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores and OEM & Industrial customers. Hillman Solutions Corp., formerly known as Landcadia Holdings III Inc., is based in CINCINNATI. “

HLMN has been the topic of several other research reports. Barclays initiated coverage on shares of Hillman Solutions in a research report on Friday. They issued an overweight rating and a $15.00 price target on the stock. Raymond James cut their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set an outperform rating on the stock in a research report on Thursday, March 3rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $15.69.

HLMN traded up $0.56 during trading hours on Monday, hitting $11.80. The company’s stock had a trading volume of 1,122,750 shares, compared to its average volume of 994,078. The firm has a 50-day moving average of $10.66. Hillman Solutions has a 12 month low of $8.12 and a 12 month high of $13.46. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.49 and a current ratio of 2.41.

Hillman Solutions (NASDAQ:HLMNGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The business had revenue of $344.49 million during the quarter, compared to the consensus estimate of $332.50 million. As a group, research analysts forecast that Hillman Solutions will post 0.2 earnings per share for the current year.

In related news, insider Randall J. Fagundo acquired 9,400 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were purchased at an average price of $10.55 per share, for a total transaction of $99,170.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ccmp Capital, Lp sold 12,347,733 shares of the company’s stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $10.00, for a total transaction of $123,477,330.00. Following the transaction, the insider now owns 2,589,858 shares in the company, valued at approximately $25,898,580. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 161,186 shares of company stock valued at $1,694,802.

Institutional investors and hedge funds have recently bought and sold shares of the company. Altium Capital Management LP acquired a new position in Hillman Solutions in the 3rd quarter worth approximately $1,694,000. Cubist Systematic Strategies LLC purchased a new stake in Hillman Solutions in the 3rd quarter worth approximately $2,954,000. Oppenheimer Asset Management Inc. purchased a new stake in Hillman Solutions in the 4th quarter worth approximately $156,000. Balyasny Asset Management LLC purchased a new stake in Hillman Solutions in the 3rd quarter worth approximately $2,129,000. Finally, Royal Bank of Canada purchased a new stake in Hillman Solutions in the 3rd quarter worth approximately $3,200,000. Hedge funds and other institutional investors own 87.80% of the company’s stock.

About Hillman Solutions (Get Rating)

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.

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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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