Hillman Solutions (NASDAQ:HLMN) Shares Gap Up - What's Next?

Shares of Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $7.57, but opened at $7.86. Hillman Solutions shares last traded at $7.25, with a volume of 30,242 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Hillman Solutions in a research note on Wednesday, February 19th. Barclays dropped their target price on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. William Blair cut Hillman Solutions from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Robert W. Baird dropped their price objective on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Baird R W cut shares of Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $11.25.

Hillman Solutions Stock Performance

The company's fifty day simple moving average is $8.50 and its 200 day simple moving average is $9.79. The firm has a market capitalization of $1.40 billion, a PE ratio of 88.70 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $359.34 million for the quarter, compared to analysts' expectations of $358.14 million. During the same quarter last year, the company posted $0.10 EPS. The business's quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts expect that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

A number of hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Hillman Solutions by 4.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company's stock valued at $227,000 after buying an additional 1,061 shares during the period. Xponance Inc. lifted its position in Hillman Solutions by 10.1% during the 4th quarter. Xponance Inc. now owns 14,106 shares of the company's stock valued at $137,000 after acquiring an additional 1,297 shares during the period. Cetera Investment Advisers boosted its stake in Hillman Solutions by 4.1% during the fourth quarter. Cetera Investment Advisers now owns 33,743 shares of the company's stock worth $329,000 after acquiring an additional 1,325 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Hillman Solutions by 12.4% in the first quarter. Principal Financial Group Inc. now owns 13,482 shares of the company's stock worth $119,000 after purchasing an additional 1,491 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Hillman Solutions by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 144,163 shares of the company's stock worth $1,404,000 after buying an additional 1,562 shares during the last quarter. Hedge funds and other 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.