Hillman Solutions (NASDAQ:HLMN) Stock Rating Upgraded by Wall Street Zen

Key Points

• Hillman Solutions (NASDAQ:HLMN) has been upgraded to a "strong-buy" rating by Wall Street Zen, reflecting increasing confidence from analysts.
• Barclays and Canaccord Genuity Group also raised their target prices for Hillman Solutions to $10.00 and $15.00, respectively, indicating positive sentiment towards the stock's performance.
• The company's latest earnings report showed a 6.2% increase in revenue compared to the previous year, with an earnings per share of $0.17, surpassing estimates.

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

HLMN has been the subject of several other research reports. Canaccord Genuity Group lifted their price target on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Stifel Nicolaus upped their price target on shares of Hillman Solutions from $10.75 to $12.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Barclays upped 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. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $11.83.

Hillman Solutions Price Performance

NASDAQ:HLMN traded up $0.14 during trading hours on Friday, reaching $9.66. 58,349 shares of the company's stock were exchanged, compared to its average volume of 1,403,561. The company has a market capitalization of $1.91 billion, a P/E ratio of 87.87 and a beta of 1.67. Hillman Solutions has a 12 month low of $6.55 and a 12 month 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 business's 50-day simple moving average is $9.17 and its two-hundred day simple moving average is $8.31.

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

Insider Buying and Selling at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the 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 transaction, the insider directly owned 56,618 shares of the company's stock, valued at approximately $558,253.48. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in HLMN. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Hillman Solutions by 240.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,042,490 shares of the company's stock valued at $53,114,000 after purchasing an additional 4,267,364 shares during the last quarter. Nuveen LLC purchased a new position in shares of Hillman Solutions during the 1st quarter worth approximately $29,335,000. American Century Companies Inc. raised its stake in shares of Hillman Solutions by 65.9% during the 2nd quarter. American Century Companies Inc. now owns 7,480,165 shares of the company's stock worth $53,408,000 after buying an additional 2,972,293 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Hillman Solutions by 18.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company's stock worth $79,986,000 after buying an additional 1,712,688 shares in the last quarter. Finally, Reinhart Partners LLC. raised its stake in shares of Hillman Solutions by 16.1% during the 2nd quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company's stock worth $71,780,000 after buying an additional 1,393,980 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company's stock.

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.