Hillman Solutions (NASDAQ:HLMN) Sets New 52-Week Low - What's Next?

Key Points

• Hillman Solutions shares fell to a new 52-week low of $6.85, below both their 50-day and 200-day moving averages near $8. The company has a market capitalization of approximately $1.36 billion.
• Analyst sentiment remains broadly positive, with an overall “Moderate Buy” rating and an average price target of $12.67, despite mixed individual actions. Recent quarterly results met EPS expectations at $0.17 and exceeded revenue estimates with $442.25 million.
• Insiders recently sold shares, including transactions by Amanda Kitzberger and Aaron Parker, while institutional investors own a substantial 98.11% of the company.

Shares of Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $6.85 and last traded at $6.8750, with a volume of 303135 shares. The stock had previously closed at $7.05.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HLMN shares. Weiss Ratings raised Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Canaccord Genuity Group dropped their price target on Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Jefferies Financial Group upgraded Hillman Solutions to a "strong-buy" rating in a research note on Thursday, September 10th. Finally, Barclays lifted their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.67.

Hillman Solutions Stock Down 0.8%

The firm has a 50 day simple moving average of $7.96 and a two-hundred day simple moving average of $7.98. The company has a market capitalization of $1.36 billion, a PE ratio of 31.80, a P/E/G ratio of 0.99 and a beta of 1.38. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $442.25 million during the quarter, compared to the consensus estimate of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. Research analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current year.

Insider Activity

In related news, insider Amanda Kitzberger sold 13,750 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total value of $99,687.50. Following the completion of the sale, the insider owned 58,855 shares in the company, valued at $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Aaron Parker sold 17,381 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total value of $148,955.17. Following the transaction, the insider owned 54,723 shares in the company, valued at $468,976.11. The trade was a 24.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HLMN. Engineers Gate Manager LP purchased a new position in Hillman Solutions in the second quarter worth $345,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Hillman Solutions during the 2nd quarter worth $25,000. Amundi grew its stake in shares of Hillman Solutions by 374.1% during the 2nd quarter. Amundi now owns 75,215 shares of the company's stock worth $635,000 after purchasing an additional 59,351 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Hillman Solutions during the 2nd quarter worth $110,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Hillman Solutions in the 2nd quarter valued at about $163,000. Institutional investors and hedge funds own 98.11% of the company's stock.

About Hillman Solutions

Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.

Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.

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