Hillman Solutions (NASDAQ:HLMN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Hillman Solutions (NASDAQ:HLMN) from a hold rating to a buy rating in a research note released on Saturday.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Canaccord Genuity Group reissued a “buy” rating and set a $14.00 price objective on shares of Hillman Solutions in a report on Tuesday, March 24th. Finally, Benchmark cut their price objective on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.33.

Hillman Solutions Stock Up 3.7%

Shares of Hillman Solutions stock opened at $8.87 on Friday. Hillman Solutions has a 52-week low of $6.55 and a 52-week high of $10.85. The company has a 50 day moving average of $8.54 and a 200 day moving average of $8.98. The company has a quick ratio of 0.62, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.74 billion, a P/E ratio of 42.24, a P/E/G ratio of 1.18 and a beta of 1.63.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The company had revenue of $365.14 million during the quarter, compared to the consensus estimate of $371.69 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts forecast that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hillman Solutions news, insider Amanda Kitzberger sold 11,804 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total transaction of $97,855.16. Following the sale, the insider owned 72,605 shares of the company’s stock, valued at approximately $601,895.45. This trade represents a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors have recently modified their holdings of HLMN. Bank of Montreal Can increased its holdings in shares of Hillman Solutions by 71,052.9% in the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock valued at $93,999,000 after acquiring an additional 10,839,127 shares during the period. UBS Group AG increased its holdings in shares of Hillman Solutions by 112.2% in the 4th quarter. UBS Group AG now owns 2,671,354 shares of the company’s stock valued at $23,134,000 after acquiring an additional 1,412,693 shares during the period. Reinhart Partners LLC. increased its holdings in shares of Hillman Solutions by 8.8% in the 4th quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock valued at $98,625,000 after acquiring an additional 916,986 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of Hillman Solutions in the 3rd quarter valued at $7,364,000. Finally, Congruence Capital LLC acquired a new position in shares of Hillman Solutions in the 4th quarter valued at $6,437,000. 98.11% of the stock is owned by institutional investors and hedge funds.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.