Stifel Nicolaus Begins Coverage on Hillman Solutions (NASDAQ:HLMN)

Research analysts at Stifel Nicolaus initiated coverage on shares of Hillman Solutions (NASDAQ:HLMN - Get Free Report) in a note issued to investors on Monday, Marketbeat Ratings reports. The firm set a "buy" rating and a $9.50 price target on the stock. Stifel Nicolaus' target price would indicate a potential upside of 26.16% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Robert W. Baird reduced their target price on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Raymond James Financial set a $10.00 target price on Hillman Solutions and gave the company an "outperform" rating in a report on Wednesday, April 30th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Barclays cut their price objective on Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hillman Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.75.

Hillman Solutions Trading Down 3.1%

Shares of HLMN stock traded down $0.24 during mid-day trading on Monday, hitting $7.53. 1,347,690 shares of the company's stock were exchanged, compared to its average volume of 1,145,293. Hillman Solutions has a fifty-two week low of $6.55 and a fifty-two week high of $12.08. The stock has a 50-day simple moving average of $7.42 and a two-hundred day simple moving average of $8.52. The company has a quick ratio of 0.79, a current ratio of 2.46 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 83.68 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Hillman Solutions had a return on equity of 8.73% and a net margin of 1.24%. The business had revenue of $359.34 million for the quarter, compared to analysts' expectations of $358.14 million. During the same quarter last year, the firm earned $0.10 earnings per share. The business's revenue was up 2.6% on a year-over-year basis. Equities analysts expect that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Hillman Solutions news, CFO Robert O. Kraft bought 140,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of $7.09 per share, with a total value of $992,600.00. Following the completion of the transaction, the chief financial officer owned 632,752 shares in the company, valued at $4,486,211.68. The trade was a 28.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.90% of the stock is owned by company insiders.

Institutional Trading of Hillman Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Hillman Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 19,575,307 shares of the company's stock worth $172,067,000 after purchasing an additional 134,830 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Hillman Solutions by 0.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,214,891 shares of the company's stock worth $124,949,000 after purchasing an additional 64,966 shares in the last quarter. Reinhart Partners LLC. grew its stake in Hillman Solutions by 16.1% in the second quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company's stock worth $71,780,000 after purchasing an additional 1,393,980 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in Hillman Solutions by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 9,489,870 shares of the company's stock worth $83,416,000 after purchasing an additional 613,865 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Hillman Solutions by 5.9% in the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after purchasing an additional 509,016 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Company Profile

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.