Hillman Solutions (NASDAQ:HLMN) Stock Breaks Above 50 Day Moving Average - What's Next?

Key Points

• Hillman Solutions shares rose 4% and moved above their 50-day moving average, trading as high as $7.64 before closing near $7.59.
• Analysts collectively rate the stock a “Moderate Buy”, with an average price target of $12.67 versus the recent share price, though opinions range from Strong Buy to Sell.
• The company met quarterly EPS expectations at $0.17 and exceeded revenue estimates with $442.25 million in sales; institutional investors own approximately 98.11% of the stock, while insider activity was mixed.

Hillman Solutions Corp. (NASDAQ:HLMN - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $7.36 and traded as high as $7.64. Hillman Solutions shares last traded at $7.59, with a volume of 1,772,055 shares traded.

Wall Street Analysts Forecast Growth

HLMN has been the subject of a number of research reports. Jefferies Financial Group upgraded Hillman Solutions to a "strong-buy" rating in a report on Thursday, September 10th. Canaccord Genuity Group cut their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Thursday, October 1st. Weiss Ratings raised shares of Hillman Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Barclays lifted their price target on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Finally, Raymond James Financial downgraded shares of Hillman Solutions from an "outperform" rating to a "hold" rating in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hillman Solutions presently has an average rating of "Moderate Buy" and an average target price of $12.67.

Hillman Solutions Trading Up 4.0%

The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 1.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. The firm has a fifty day moving average of $7.36 and a 200-day moving average of $8.16.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. As a group, equities analysts predict that Hillman Solutions Corp. will post 0.60 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction dated Wednesday, September 9th. The stock was 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 approximately $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Kraft bought 35,500 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of $7.00 per share, for a total transaction of $248,500.00. Following the completion of the acquisition, the chief financial officer owned 697,090 shares in the company, valued at approximately $4,879,630. This trade represents a 5.37% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 5.30% of the company's stock.

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of HLMN. Wealth Alliance LLC increased its position in shares of Hillman Solutions by 4.7% during the first quarter. Wealth Alliance LLC now owns 38,726 shares of the company's stock worth $322,000 after acquiring an additional 1,733 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Hillman Solutions by 8.2% in the second quarter. Central Pacific Bank Trust Division now owns 34,149 shares of the company's stock worth $288,000 after acquiring an additional 2,580 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Hillman Solutions in the second quarter valued at about $25,000. Sanctuary Advisors LLC boosted its holdings in Hillman Solutions by 22.5% in the first quarter. Sanctuary Advisors LLC now owns 18,065 shares of the company's stock valued at $150,000 after purchasing an additional 3,317 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Hillman Solutions by 3.5% in the third quarter. Verdence Capital Advisors LLC now owns 106,760 shares of the company's stock valued at $746,000 after purchasing an additional 3,592 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company's stock.

Hillman Solutions Company Profile

Hillman Solutions Corp. NASDAQ: HLMN provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.

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