Hillman Solutions (NASDAQ:HLMN) Shares Gap Up - Time to Buy?

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on HLMN. Benchmark reaffirmed a "buy" rating and issued a $16.00 target price on shares of Hillman Solutions in a report on Wednesday, February 19th. Baird R W lowered Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Barclays decreased 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. Finally, Robert W. Baird reduced their price target on shares of Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $11.25.

Hillman Solutions Price Performance

The company's 50 day simple moving average is $8.44 and its 200 day simple moving average is $9.75. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.41 billion, a PE ratio of 89.26 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 8.79% and a net margin of 1.17%. The firm had revenue of $359.34 million for the quarter, compared to the consensus estimate of $358.14 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts anticipate that Hillman Solutions Corp will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HLMN. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Hillman Solutions during the 4th quarter worth about $17,290,000. Raymond James Financial Inc. purchased a new position in shares of Hillman Solutions in the 4th quarter valued at $11,318,000. Reinhart Partners LLC. lifted its holdings in shares of Hillman Solutions by 13.8% during the 1st quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock valued at $76,115,000 after acquiring an additional 1,046,765 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Hillman Solutions by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock worth $62,521,000 after purchasing an additional 605,049 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Hillman Solutions by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock valued at $89,199,000 after purchasing an additional 509,016 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

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.