Hillman Solutions (NASDAQ:HLMN) Upgraded at Wall Street Zen

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

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

Hillman Solutions Stock Performance

Shares of HLMN opened at $9.95 on Friday. The business has a 50-day simple moving average of $8.97 and a two-hundred day simple moving average of $9.09. The company has a quick ratio of 0.77, a current ratio of 2.46 and a debt-to-equity ratio of 0.56. Hillman Solutions has a 52 week low of $6.55 and a 52 week high of $10.64. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 52.37 and a beta of 1.65.

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

Institutional Trading of Hillman Solutions

Large investors have recently made changes to their positions in the business. Burgundy Asset Management Ltd. lifted its holdings in shares of Hillman Solutions by 18.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after acquiring an additional 1,712,688 shares during the last quarter. Reinhart Partners LLC. increased its stake in Hillman Solutions by 4.2% during the third quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock worth $96,129,000 after acquiring an additional 418,313 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hillman Solutions by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 8,478,127 shares of the company’s stock valued at $77,829,000 after purchasing an additional 257,953 shares during the period. American Century Companies Inc. lifted its stake in shares of Hillman Solutions by 65.9% in the 2nd quarter. American Century Companies Inc. now owns 7,480,165 shares of the company’s stock valued at $53,408,000 after purchasing an additional 2,972,293 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Hillman Solutions by 1.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,208,050 shares of the company’s stock worth $54,060,000 after purchasing an additional 96,636 shares during the period. 98.11% of the stock is currently owned by institutional investors.

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.