Hillman Solutions Corp. (NASDAQ:HLMN) Stock Rated “Moderate Buy” by Wall Street Analysts

Hillman Solutions Corp. (NASDAQ:HLMN) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.67.

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Barclays lifted their price objective on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Jefferies Financial Group raised shares of Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Raymond James Financial cut Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. Finally, Canaccord Genuity Group lowered their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, October 1st.

Insider Activity at Hillman Solutions

In related news, insider Amanda Kitzberger sold 13,750 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $7.25, for a total transaction of $99,687.50. Following the completion of the transaction, the insider directly owned 58,855 shares of the company’s stock, valued at approximately $426,698.75. This trade represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Kraft bought 35,500 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of $7.00 per share, for a total transaction of $248,500.00. Following the completion of the transaction, the chief financial officer directly owned 697,090 shares of the company’s stock, valued at $4,879,630. This represents a 5.37% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors have recently modified their holdings of the stock. Diversified Management Inc. purchased a new position in Hillman Solutions during the third quarter worth $78,000. Avidian Wealth Enterprises LLC bought a new position in Hillman Solutions in the 3rd quarter worth about $73,000. Central Pacific Bank Trust Division raised its stake in shares of Hillman Solutions by 8.9% during the third quarter. Central Pacific Bank Trust Division now owns 37,179 shares of the company’s stock valued at $260,000 after acquiring an additional 3,030 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Hillman Solutions in the second quarter valued at approximately $345,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Hillman Solutions in the second quarter valued at approximately $25,000. 98.11% of the stock is owned by institutional investors.

Hillman Solutions Stock Performance

Hillman Solutions stock opened at $6.97 on Tuesday. Hillman Solutions has a twelve month low of $6.66 and a twelve month high of $10.85. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average is $7.77 and its 200 day moving average is $7.91. The company has a market capitalization of $1.36 billion, a P/E ratio of 31.68, a PEG ratio of 0.98 and a beta of 1.42.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $442.25 million during the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%. On average, equities research analysts predict that Hillman Solutions will post 0.60 earnings per share for the current fiscal year.

About Hillman Solutions

Hillman Solutions Corp. (NASDAQ: HLMN) is a provider of hardware products and related services for home improvement retailers, mass merchants, and other retail customers. The company supplies products used in home repair, maintenance, security, identification, and organization.

Its product portfolio includes residential, automotive, and commercial keys; key duplication and kiosk services through its MinuteKey business; fasteners; picture-hanging and home organization products; engravable tags; builder’s hardware; and other small hardware items.