Hillman Solutions (NASDAQ:HLMN) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Hillman Solutions (NASDAQ:HLMN) in a research note released on Tuesday,Benzinga reports. They currently have a $14.00 price objective on the stock.

HLMN has been the topic of a number of other reports. Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Finally, Benchmark decreased their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.33.

Hillman Solutions Stock Up 3.3%

Shares of Hillman Solutions stock opened at $8.37 on Tuesday. Hillman Solutions has a 1 year low of $6.55 and a 1 year high of $10.85. The company has a market cap of $1.65 billion, a P/E ratio of 39.86 and a beta of 1.67. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $9.08 and a 200 day moving average price of $9.12.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $365.14 million for the quarter, compared to analysts’ expectations of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. As a group, analysts expect that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Insider Activity

In other news, insider Amanda Kitzberger sold 11,804 shares of Hillman Solutions stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the sale, the insider directly owned 72,605 shares in the company, valued at $601,895.45. The trade was a 13.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Reinhart Partners LLC. grew its position in Hillman Solutions by 8.8% in the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after acquiring an additional 916,986 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Hillman Solutions by 18.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after purchasing an additional 1,712,688 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after purchasing an additional 10,839,127 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hillman Solutions by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,788,859 shares of the company’s stock valued at $76,114,000 after purchasing an additional 310,732 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Hillman Solutions by 65.9% in the 2nd quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock valued at $53,408,000 after purchasing an additional 2,972,293 shares during the last quarter. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.