Hillman Solutions (NASDAQ:HLMN) Earns Buy Rating from Canaccord Genuity Group

Hillman Solutions (NASDAQ:HLMN)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a report issued on Monday,Benzinga reports. They currently have a $15.00 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 77.62% from the stock’s current price.

Several other research firms have also recently issued reports on HLMN. Stifel Nicolaus raised their price target on Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a report on Friday, August 29th. Wall Street Zen lowered shares of Hillman Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Barclays boosted their price target on shares of Hillman Solutions from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hillman Solutions in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Hillman Solutions has an average rating of “Hold” and a consensus price target of $11.83.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN traded up $0.02 during midday trading on Monday, reaching $8.45. The company’s stock had a trading volume of 49,993 shares, compared to its average volume of 1,316,080. Hillman Solutions has a fifty-two week low of $6.55 and a fifty-two week high of $11.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 0.72. The business’s fifty day simple moving average is $9.16 and its 200-day simple moving average is $8.59. The company has a market capitalization of $1.67 billion, a P/E ratio of 76.83 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The firm had revenue of $424.94 million during the quarter, compared to analysts’ expectations of $425.00 million. Hillman Solutions has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

A number of large investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in Hillman Solutions by 106.3% during the third quarter. CWM LLC now owns 3,441 shares of the company’s stock worth $32,000 after acquiring an additional 1,773 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Hillman Solutions during the third quarter worth about $59,000. Advisory Services Network LLC acquired a new stake in shares of Hillman Solutions during the third quarter worth about $63,000. Lazard Asset Management LLC bought a new position in shares of Hillman Solutions during the 2nd quarter valued at about $75,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of Hillman Solutions in the 1st quarter valued at approximately $91,000. Institutional investors own 98.11% of the company’s stock.

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.