Hillman Solutions Corp. (NASDAQ:HLMN) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts give Hillman Solutions a “Moderate Buy” consensus from six brokerages, with an average 12-month price target of $12.67 versus the stock’s opening price of $6.96.
• Hillman Solutions met quarterly earnings expectations at $0.17 per share and exceeded revenue estimates, reporting $442.25 million in revenue compared with the $433.67 million consensus.
• Institutional investors own 98.11% of the company; insider activity was mixed, with an insider selling shares while CFO Robert Kraft purchased $248,500 worth of stock.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.67.

HLMN has been the topic of several research reports. Barclays increased their target price on Hillman Solutions from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, August 10th. Raymond James Financial lowered Hillman Solutions from an "outperform" rating to a "hold" rating in a research note on Thursday. Weiss Ratings upgraded Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Jefferies Financial Group upgraded Hillman Solutions to a "strong-buy" rating in a report on Thursday, September 10th. Finally, Canaccord Genuity Group reduced 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 Thursday, October 1st.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $6.96 on Tuesday. Hillman Solutions has a one year low of $6.66 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. The company has a 50 day moving average price of $7.85 and a 200 day moving average price of $7.93. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, hitting 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 the consensus estimate of $433.67 million. Sell-side analysts anticipate that Hillman Solutions will post 0.6 EPS for the current year.

Insider Activity at Hillman Solutions

In other Hillman Solutions news, insider Amanda Kitzberger sold 13,750 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 58,855 shares in the company, valued at $426,698.75. The trade was a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O. Kraft acquired 35,500 shares of the company's stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $7.00 per share, with a total value of $248,500.00. Following the transaction, the chief financial officer directly owned 697,090 shares of the company's stock, valued at approximately $4,879,630. This represents a 5.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 5.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hillman Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in HLMN. Engineers Gate Manager LP acquired a new position in shares of Hillman Solutions during the second quarter worth about $345,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Hillman Solutions in the second quarter valued at about $25,000. Amundi grew its stake in shares of Hillman Solutions by 374.1% in the second quarter. Amundi now owns 75,215 shares of the company's stock valued at $635,000 after buying an additional 59,351 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Hillman Solutions during the 2nd quarter valued at about $110,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Hillman Solutions during the 2nd quarter valued at about $163,000. Institutional investors and hedge funds own 98.11% of the company's stock.

About Hillman Solutions

Hillman Solutions Corp. NASDAQ: HLMN is a provider of hardware products and related services for home improvement retailers, mass merchants, and other retail customers. The company supplies products used in home repair, maintenance, security, identification, and organization.

Its product portfolio includes residential, automotive, and commercial keys; key duplication and kiosk services through its MinuteKey business; fasteners; picture-hanging and home organization products; engravable tags; builder's hardware; and other small hardware items.

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