Hillman Solutions (NASDAQ:HLMN) Raised to "Buy" at Wall Street Zen

Hillman Solutions (NASDAQ:HLMN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus assumed coverage on Hillman Solutions in a research report on Monday, July 14th. They set a "buy" rating and a $9.50 price objective for the company. Robert W. Baird dropped their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Raymond James Financial set a $10.00 price target on Hillman Solutions and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Baird R W cut shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Barclays cut their price objective on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.75.

Hillman Solutions Trading Down 0.1%

NASDAQ HLMN opened at $8.07 on Friday. Hillman Solutions has a 12 month low of $6.55 and a 12 month high of $12.08. The stock has a 50-day simple moving average of $7.43 and a 200 day simple moving average of $8.44. The company has a current ratio of 2.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.59 billion, a PE ratio of 89.68 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $359.34 million during the quarter, compared to the consensus estimate of $358.14 million. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Research analysts forecast that Hillman Solutions will post 0.58 EPS for the current year.

Insider Buying and Selling at Hillman Solutions

In related news, CFO Robert O. Kraft acquired 140,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $7.09 per share, for a total transaction of $992,600.00. Following the purchase, the chief financial officer directly owned 632,752 shares in the company, valued at approximately $4,486,211.68. This trade represents a 28.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Hillman Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock valued at $172,067,000 after acquiring an additional 134,830 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Hillman Solutions by 0.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company's stock valued at $124,949,000 after purchasing an additional 64,966 shares during the last quarter. Reinhart Partners LLC. grew its holdings in Hillman Solutions by 16.1% during the second quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company's stock worth $71,780,000 after purchasing an additional 1,393,980 shares during the period. Burgundy Asset Management Ltd. increased its position in Hillman Solutions by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company's stock worth $83,416,000 after buying an additional 613,865 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Hillman Solutions by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after buying an additional 509,016 shares during the last quarter. 98.11% of the stock is currently 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.

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