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

Key Points

• Hillman Solutions was upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive outlook on the stock.
• The average target price for Hillman Solutions is set at $10.75, with four analysts rating it as a hold and five as a buy.
• Institutional investors own 98.11% of the stock, underscoring significant confidence in the company's performance and potential.

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

A number of other research firms have also weighed in on HLMN. Raymond James Financial set a $10.00 target price on shares of Hillman Solutions and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus initiated coverage on shares of Hillman Solutions in a research note on Monday, July 14th. They issued a "buy" rating and a $9.50 price target on the stock. Baird R W lowered shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Barclays dropped their price target on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.75.

Hillman Solutions Trading Down 0.5%

NASDAQ HLMN traded down $0.04 during trading hours on Friday, reaching $8.06. The company had a trading volume of 1,509,078 shares, compared to its average volume of 1,551,025. The stock has a 50-day moving average of $7.43 and a 200 day moving average of $8.41. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $12.08. 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 stock has a market capitalization of $1.59 billion, a P/E ratio of 89.57 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $359.34 million for the quarter, compared to analysts' expectations of $358.14 million. Hillman Solutions had a net margin of 1.24% and a return on equity of 8.73%. Hillman Solutions's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. As a group, research analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Robert O. Kraft bought 140,000 shares of Hillman Solutions stock in a transaction dated Thursday, May 1st. The stock was 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 owned 632,752 shares of the company's stock, valued at approximately $4,486,211.68. The trade was a 28.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.90% of the company's stock.

Institutional Trading of Hillman Solutions

Hedge funds have recently made changes to their positions in the company. Skylands Capital LLC lifted its stake in shares of Hillman Solutions by 156.5% in the 1st quarter. Skylands Capital LLC now owns 124,000 shares of the company's stock worth $1,090,000 after acquiring an additional 75,650 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Hillman Solutions during the 1st quarter worth $567,000. JPMorgan Chase & Co. boosted its position in shares of Hillman Solutions by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after purchasing an additional 509,016 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions during the 4th quarter worth $17,290,000. Finally, Barclays PLC boosted its position in shares of Hillman Solutions by 11.2% during the 4th quarter. Barclays PLC now owns 339,733 shares of the company's stock worth $3,309,000 after purchasing an additional 34,265 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Company Profile

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.