Hillman Solutions (NASDAQ:HLMN) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Hillman Solutions (NASDAQ:HLMN) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

HLMN has been the topic of a number of other reports. 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 research report on Wednesday, August 6th. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

Hillman Solutions Stock Performance

NASDAQ HLMN opened at $9.71 on Friday. The company has a fifty day moving average of $9.04 and a two-hundred day moving average of $8.32. The company has a market capitalization of $1.92 billion, a PE ratio of 88.28 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 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 posted its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.Hillman Solutions’s revenue was up 6.2% compared to the same quarter last year. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, analysts expect that Hillman Solutions will post 0.58 earnings per share for the current year.

Insider Buying and Selling

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of Hillman Solutions stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the sale, the insider owned 56,618 shares of the company’s stock, valued at approximately $558,253.48. The trade was a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.90% of the stock is currently owned by insiders.

Institutional Trading of Hillman Solutions

Several hedge funds have recently modified their holdings of HLMN. Squarepoint Ops LLC purchased a new stake in shares of Hillman Solutions in the second quarter valued at approximately $1,760,000. Hudson Bay Capital Management LP acquired a new position in shares of Hillman Solutions during the 2nd quarter worth $1,501,000. Tower Research Capital LLC TRC grew its stake in shares of Hillman Solutions by 235.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,824 shares of the company’s stock worth $127,000 after purchasing an additional 12,515 shares during the period. Zuckerman Investment Group LLC increased its holdings in shares of Hillman Solutions by 1.5% in the 2nd quarter. Zuckerman Investment Group LLC now owns 1,152,954 shares of the company’s stock valued at $8,232,000 after purchasing an additional 16,896 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in shares of Hillman Solutions in the second quarter valued at about $173,000. 98.11% of the stock is owned by institutional investors and hedge funds.

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.