Wall Street Zen Upgrades Hillman Solutions (NASDAQ:HLMN) to Strong-Buy

Hillman Solutions (NASDAQ:HLMN) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently issued reports on HLMN. Canaccord Genuity Group lifted their price target on Hillman Solutions from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Stifel Nicolaus lifted their target price on Hillman Solutions from $10.75 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 29th. 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 report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hillman Solutions in a research note on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hillman Solutions presently has a consensus rating of “Hold” and an average price target of $11.83.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $9.21 on Friday. The stock has a market cap of $1.82 billion, a P/E ratio of 83.73 and a beta of 1.65. The firm’s 50-day simple moving average is $9.49 and its 200 day simple moving average is $8.30. Hillman Solutions has a fifty-two week low of $6.55 and a fifty-two week high of $12.08. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $402.80 million for the quarter, compared to analysts’ expectations of $389.45 million. Hillman Solutions had a net margin of 1.44% and a return on equity of 8.86%. The business’s revenue was up 6.2% on a year-over-year basis. Hillman Solutions has set its FY 2025 guidance at EPS. Equities analysts expect that Hillman Solutions will post 0.58 EPS for the current year.

Insider Activity at Hillman Solutions

In related news, insider Aaron Jerrod Parker sold 4,532 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the transaction, the insider owned 56,618 shares in the company, valued at approximately $558,253.48. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. KBC Group NV bought a new stake in Hillman Solutions in the first quarter worth $35,000. Lazard Asset Management LLC bought a new position in shares of Hillman Solutions in the 2nd quarter valued at approximately $75,000. Blueshift Asset Management LLC acquired a new stake in Hillman Solutions in the 1st quarter worth approximately $91,000. Lindenwold Advisors INC bought a new position in shares of Hillman Solutions in the first quarter valued at approximately $93,000. Finally, Entropy Technologies LP lifted its stake in shares of Hillman Solutions by 17.8% in the second quarter. Entropy Technologies LP now owns 13,100 shares of the company’s stock worth $94,000 after buying an additional 1,977 shares during the last quarter. 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.