Hillman Solutions (NASDAQ:HLMN) Stock Rating Reaffirmed by Stifel Nicolaus

Hillman Solutions (NASDAQ:HLMNGet Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a report issued on Monday, Benzinga reports. They currently have a $16.00 price target on the stock, up from their previous price target of $14.00. Stifel Nicolaus’ price target would suggest a potential upside of 54.89% from the company’s previous close.

A number of other research firms also recently commented on HLMN. Canaccord Genuity Group lifted their target price on Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Barclays lifted their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Finally, TheStreet raised Hillman Solutions from a “d+” rating to a “c-” rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Hillman Solutions currently has an average rating of “Moderate Buy” and an average target price of $11.63.

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Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $10.33 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 2.46. The company has a market cap of $2.02 billion, a PE ratio of -206.56 and a beta of 1.72. The business has a 50-day simple moving average of $9.54 and a two-hundred day simple moving average of $8.52. Hillman Solutions has a fifty-two week low of $6.02 and a fifty-two week high of $10.85.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $347.81 million during the quarter, compared to the consensus estimate of $344.98 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. As a group, equities analysts expect that Hillman Solutions will post 0.49 EPS for the current fiscal year.

Insider Activity at Hillman Solutions

In related news, Director John W. Swygert sold 7,207 shares of Hillman Solutions stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $9.74, for a total transaction of $70,196.18. Following the completion of the transaction, the director now directly owns 24,999 shares in the company, valued at $243,490.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Jon Michael Adinolfi sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $9.81, for a total value of $1,079,100.00. Following the completion of the sale, the chief operating officer now directly owns 659,889 shares in the company, valued at $6,473,511.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Swygert sold 7,207 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total value of $70,196.18. Following the completion of the sale, the director now owns 24,999 shares of the company’s stock, valued at $243,490.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 618,658 shares of company stock worth $5,958,077. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Hillman Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Hillman Solutions in the second quarter valued at approximately $131,000. Comerica Bank purchased a new stake in shares of Hillman Solutions in the third quarter valued at approximately $5,614,000. Charles Schwab Investment Management Inc. increased its position in shares of Hillman Solutions by 30.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,540,820 shares of the company’s stock valued at $13,883,000 after buying an additional 362,743 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of Hillman Solutions by 2.5% in the third quarter. DAVENPORT & Co LLC now owns 171,990 shares of the company’s stock valued at $1,419,000 after buying an additional 4,206 shares in the last quarter. Finally, Cercano Management LLC purchased a new stake in shares of Hillman Solutions during the third quarter worth approximately $10,929,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

About Hillman Solutions

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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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Analyst Recommendations for Hillman Solutions (NASDAQ:HLMN)

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