Hillman Solutions’ (HLMN) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Hillman Solutions (NASDAQ:HLMNFree Report) in a research report released on Monday, Benzinga reports. Stifel Nicolaus currently has a $16.00 price objective on the stock, up from their previous price objective of $14.00.

Several other equities analysts also recently weighed in on HLMN. TheStreet upgraded shares of Hillman Solutions from a d+ rating to a c- rating in a research note on Friday, December 22nd. Barclays lifted their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the stock an equal weight rating in a research note on Monday, February 26th. Finally, Canaccord Genuity Group lifted their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the stock a buy rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $11.63.

Check Out Our Latest Analysis on HLMN

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $10.53 on Monday. Hillman Solutions has a 52-week low of $6.02 and a 52-week high of $10.85. The company has a 50-day simple moving average of $9.52 and a 200 day simple moving average of $8.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. The company has a market capitalization of $2.06 billion, a PE ratio of -210.56 and a beta of 1.72.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The business had revenue of $347.81 million during the quarter, compared to the consensus estimate of $344.98 million. During the same quarter last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts predict that Hillman Solutions will post 0.49 EPS for the current year.

Insider Activity

In other news, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the transaction, the insider now directly owns 45,440 shares in the company, valued at $437,587.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Jon Michael Adinolfi sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total value of $1,079,100.00. Following the completion of the transaction, the chief operating officer now directly owns 659,889 shares in the company, valued at $6,473,511.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the transaction, the insider now owns 45,440 shares of the company’s stock, valued at $437,587.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 618,658 shares of company stock worth $5,958,077. 4.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

A number of large investors have recently modified their holdings of HLMN. Vanguard Group Inc. lifted its position in Hillman Solutions by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company’s stock valued at $177,455,000 after purchasing an additional 110,730 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Hillman Solutions by 50.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,922,967 shares of the company’s stock valued at $142,491,000 after purchasing an additional 5,643,162 shares during the last quarter. BlackRock Inc. lifted its position in Hillman Solutions by 22.9% during the second quarter. BlackRock Inc. now owns 11,706,112 shares of the company’s stock valued at $105,472,000 after purchasing an additional 2,181,554 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Hillman Solutions by 5.2% during the first quarter. JPMorgan Chase & Co. now owns 10,577,697 shares of the company’s stock valued at $89,063,000 after purchasing an additional 521,444 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in Hillman Solutions by 13.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 9,180,793 shares of the company’s stock valued at $84,555,000 after purchasing an additional 1,107,675 shares during the last quarter. 98.11% of the stock is currently owned by institutional investors.

About Hillman Solutions

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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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