Hillman Solutions (NASDAQ:HLMN) Reaches New 52-Week High on Analyst Upgrade

Hillman Solutions Corp (NASDAQ:HLMN) reached a new 52-week high on Wednesday after Barclays raised their price target on the stock from $10.00 to $12.00. Barclays currently has an equal weight rating on the stock. Hillman Solutions traded as high as $12.08 and last traded at $11.68, with a volume of 55475 shares. The stock had previously closed at $11.09.

HLMN has been the topic of a number of other reports. Benchmark restated a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a research note on Thursday, August 8th. Canaccord Genuity Group increased their target price on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird raised their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Hillman Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.92.

Institutional Trading of Hillman Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLMN. ProShare Advisors LLC raised its position in shares of Hillman Solutions by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock worth $373,000 after buying an additional 2,762 shares during the period. Anchor Capital Advisors LLC increased its stake in Hillman Solutions by 2.1% during the first quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company’s stock worth $1,576,000 after acquiring an additional 3,037 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Hillman Solutions by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after purchasing an additional 3,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hillman Solutions by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock valued at $382,000 after purchasing an additional 3,299 shares in the last quarter. Finally, Capstone Investment Advisors LLC lifted its stake in shares of Hillman Solutions by 23.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company’s stock valued at $228,000 after purchasing an additional 4,004 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Stock Up 0.5 %

The stock has a fifty day moving average price of $10.30 and a 200-day moving average price of $9.66. The firm has a market cap of $2.19 billion, a PE ratio of 371.46 and a beta of 1.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The company had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same period in the previous year, the firm earned $0.11 earnings per share. Hillman Solutions’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts expect that Hillman Solutions Corp will post 0.52 EPS for the current year.

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.