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

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $7.14, but opened at $7.39. Hillman Solutions shares last traded at $7.22, with a volume of 408,269 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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. Barclays cut 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. Benchmark reaffirmed a "buy" rating and set a $16.00 price target on shares of Hillman Solutions in a research note on Wednesday, February 19th. Finally, Robert W. Baird dropped their price objective on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.25.

Hillman Solutions Trading Up 4.7 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The firm has a market capitalization of $1.48 billion, a P/E ratio of 93.32 and a beta of 1.67. The firm has a 50 day moving average price of $8.44 and a two-hundred day moving average price of $9.74.

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 (EPS) 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 quarter in the previous year, the company earned $0.10 EPS. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, 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

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew 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 valued at $89,199,000 after purchasing an additional 509,016 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of Hillman Solutions by 1.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 8,876,005 shares of the company's stock worth $86,452,000 after acquiring an additional 160,505 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of Hillman Solutions by 13.8% during the first quarter. Reinhart Partners LLC. now owns 8,659,239 shares of the company's stock worth $76,115,000 after acquiring an additional 1,046,765 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Hillman Solutions by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,111,414 shares of the company's stock valued at $63,007,000 after purchasing an additional 67,389 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Hillman Solutions by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,419,079 shares of the company's stock valued at $62,521,000 after purchasing an additional 605,049 shares in 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.

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