Hillman Solutions (NASDAQ:HLMN) Upgraded at Wall Street Zen

Key Points

• Hillman Solutions has been upgraded to a "strong-buy" rating by Wall Street Zen, transitioning from its previous "buy" rating.
• Barclays raised its target price for Hillman Solutions from $8.00 to $10.00, while Canaccord Genuity increased its price target from $13.00 to $15.00.
• The firm reported a quarterly earnings of $0.17 per share, exceeding analysts' expectations, with a revenue increase of 6.2% year-over-year.

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

HLMN has been the topic of several other reports. Barclays boosted their target price on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Canaccord Genuity Group raised their price objective on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Weiss Ratings restated a "hold (c-)" rating on shares of Hillman Solutions in a research report on Saturday, September 27th. Finally, Stifel Nicolaus boosted their price target on Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $11.83.

Hillman Solutions Stock Performance

NASDAQ:HLMN opened at $9.21 on Friday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 83.73 and a beta of 1.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $12.08. The firm's fifty day moving average price is $9.49 and its 200 day moving average price is $8.31.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The business had revenue of $402.80 million for the quarter, compared to analyst estimates of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. 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, sell-side analysts expect that Hillman Solutions will post 0.58 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Hillman Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the company. KBC Group NV purchased a new stake in Hillman Solutions during the first quarter valued at about $35,000. Lazard Asset Management LLC purchased a new position in shares of Hillman Solutions in the 2nd quarter worth about $75,000. Blueshift Asset Management LLC acquired a new position in shares of Hillman Solutions in the 1st quarter valued at about $91,000. Lindenwold Advisors INC acquired a new position in shares of Hillman Solutions in the 1st quarter valued at about $93,000. Finally, Entropy Technologies LP grew its holdings in shares of Hillman Solutions by 17.8% during the 2nd quarter. Entropy Technologies LP now owns 13,100 shares of the company's stock worth $94,000 after purchasing an additional 1,977 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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.

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