Wall Street Zen Downgrades Hillman Solutions (NASDAQ:HLMN) to Buy

Key Points

• Hillman Solutions (NASDAQ:HLMN) has been downgraded from a "strong-buy" rating to a "buy" rating by Wall Street Zen, with several other analysts reiterating buy ratings and raising price targets.
• The company's stock price increased by 1.2% to $9.17, while its 52-week low and high are $6.55 and $12.08, respectively.
• Hillman Solutions reported a quarterly revenue of $402.80 million, exceeding analyst expectations and reflecting a 6.2% year-over-year increase.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Friday.

Several other analysts have also issued reports on the stock. Barclays boosted 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. Canaccord Genuity Group boosted their price objective on shares of Hillman Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Hillman Solutions from $10.75 to $12.00 and gave the company a "buy" rating in a report on Friday, August 29th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.83.

Hillman Solutions Stock Up 1.2%

NASDAQ HLMN opened at $9.17 on Friday. Hillman Solutions has a 52 week low of $6.55 and a 52 week 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 fifty day simple moving average is $9.38 and its 200-day simple moving average is $8.31. The firm has a market cap of $1.81 billion, a PE ratio of 83.37 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%.The business had revenue of $402.80 million for the quarter, compared to analyst estimates of $389.45 million. The company's quarterly revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current year.

Insider Activity at Hillman Solutions

In other news, insider Aaron Jerrod Parker sold 4,532 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $9.86, for a total transaction of $44,685.52. Following the completion of the transaction, the insider directly owned 56,618 shares of the company's stock, valued at approximately $558,253.48. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.90% of the company's stock.

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLMN. KBC Group NV acquired a new position in Hillman Solutions in the first quarter valued at approximately $35,000. Lazard Asset Management LLC acquired a new position in Hillman Solutions in the second quarter valued at approximately $75,000. Blueshift Asset Management LLC acquired a new position in Hillman Solutions in the first quarter valued at approximately $91,000. Lindenwold Advisors INC acquired a new position in Hillman Solutions in the first quarter valued at approximately $93,000. Finally, Entropy Technologies LP boosted its holdings in Hillman Solutions by 17.8% in the second quarter. Entropy Technologies LP now owns 13,100 shares of the company's stock valued at $94,000 after purchasing an additional 1,977 shares in the last quarter. 98.11% of the stock is 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.

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