Hillman Solutions (NASDAQ:HLMN) Upgraded by Wall Street Zen to “Strong-Buy” Rating

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

A number of other equities analysts have also issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Canaccord Genuity Group restated a “buy” rating and issued a $15.00 price target on shares of Hillman Solutions in a research note on Monday, November 24th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hillman Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $11.83.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $9.95 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.46 and a quick ratio of 0.77. The company’s fifty day moving average price is $8.94 and its two-hundred day moving average price is $9.07. The firm has a market capitalization of $1.96 billion, a P/E ratio of 52.37 and a beta of 1.65. Hillman Solutions has a 12 month low of $6.55 and a 12 month high of $10.64.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Hillman Solutions had a return on equity of 9.71% and a net margin of 2.44%.The business had revenue of $424.94 million for the quarter, compared to analyst estimates of $425.00 million. On average, research analysts anticipate that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of 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 purchasing an additional 1,773 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Hillman Solutions in the 3rd quarter valued at about $59,000. Advisory Services Network LLC bought a new stake in shares of Hillman Solutions during the 3rd quarter valued at about $63,000. Lazard Asset Management LLC acquired a new stake in Hillman Solutions during the second quarter worth about $75,000. Finally, Entropy Technologies LP raised its stake in Hillman Solutions by 17.8% during the second quarter. Entropy Technologies LP now owns 13,100 shares of the company’s stock worth $94,000 after acquiring an additional 1,977 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.