Hillman Solutions (NASDAQ:HLMN) Upgraded by Wall Street Zen to "Strong-Buy" Rating

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 equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group upped their target price on shares of Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Barclays upped their price target 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. Finally, 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. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.83.

Hillman Solutions Stock Performance

Hillman Solutions stock traded up $0.26 on Friday, hitting $9.78. The company's stock had a trading volume of 764,052 shares, compared to its average volume of 910,241. The company has a fifty day moving average price of $9.21 and a 200-day moving average price of $8.32. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57. Hillman Solutions has a one year low of $6.55 and a one year high of $12.08. The firm has a market cap of $1.93 billion, a P/E ratio of 88.92 and a beta of 1.67.

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

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $9.86, for a total transaction of $44,685.52. Following the transaction, the insider directly owned 56,618 shares in the company, valued at approximately $558,253.48. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. raised its position 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 acquiring an additional 4,267,364 shares during the period. Nuveen LLC acquired a new stake in shares of Hillman Solutions in the 1st quarter valued at approximately $29,335,000. American Century Companies Inc. raised its position in shares of Hillman Solutions by 65.9% in the 2nd quarter. American Century Companies Inc. now owns 7,480,165 shares of the company's stock valued at $53,408,000 after acquiring an additional 2,972,293 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of Hillman Solutions by 18.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company's stock valued at $79,986,000 after acquiring an additional 1,712,688 shares during the period. Finally, Reinhart Partners LLC. raised its position in shares of Hillman Solutions by 16.1% in the 2nd quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company's stock valued at $71,780,000 after acquiring an additional 1,393,980 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.