Hillman Solutions (NASDAQ:HLMN) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Hillman Solutions (NASDAQ:HLMN) received a "hold (C)" rating from Weiss Ratings, while other analysts have issued mixed ratings ranging from "buy" to "strong-buy" with a consensus target price of $11.83.
• On Tuesday, Hillman Solutions stock rose by 2.7%, reaching $9.54, with trading volume considerably below its average.
• The company reported earnings of $0.17 per share for the last quarter, surpassing estimates, with a revenue increase of 6.2% year-over-year.

Hillman Solutions (NASDAQ:HLMN - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on HLMN. Barclays lifted their price objective on shares of Hillman Solutions from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Hillman Solutions from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 4th. Canaccord Genuity Group lifted their price objective on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a 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 report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Hillman Solutions has an average rating of "Hold" and a consensus target price of $11.83.

Hillman Solutions Stock Up 2.7%

HLMN traded up $0.26 during midday trading on Tuesday, hitting $9.54. The company had a trading volume of 303,117 shares, compared to its average volume of 1,368,985. Hillman Solutions has a 52 week low of $6.55 and a 52 week high of $12.08. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 86.69 and a beta of 1.65. The stock's 50 day moving average price is $9.65 and its 200 day moving average price is $8.31.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly 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. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The firm had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total value of $44,685.52. Following the transaction, the insider directly owned 56,618 shares in the company, valued at $558,253.48. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is currently owned by insiders.

Institutional Trading of Hillman Solutions

Several hedge funds and other institutional investors have recently modified their holdings of HLMN. SG Americas Securities LLC bought a new stake in shares of Hillman Solutions in the first quarter valued at approximately $567,000. Elevation Point Wealth Partners LLC increased its holdings in Hillman Solutions by 31.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 31,659 shares of the company's stock worth $278,000 after acquiring an additional 7,527 shares during the period. Janney Montgomery Scott LLC increased its holdings in Hillman Solutions by 14.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 107,040 shares of the company's stock worth $941,000 after acquiring an additional 13,587 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Hillman Solutions by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company's stock worth $63,007,000 after acquiring an additional 67,389 shares during the period. Finally, KBC Group NV bought a new stake in Hillman Solutions during the 1st quarter worth approximately $35,000. Institutional investors 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.

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