Canaccord Genuity Group Reiterates Buy Rating for Hillman Solutions (NASDAQ:HLMN)

Hillman Solutions (NASDAQ:HLMN)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $15.00 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 77.62% from the company’s previous close.

A number of other brokerages have also commented on HLMN. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research report on Tuesday, October 14th. Stifel Nicolaus lifted their price target on shares of Hillman Solutions from $10.75 to $12.00 and gave the company a “buy” rating in a research note 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, Wall Street Zen cut Hillman Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. 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, Hillman Solutions presently has a consensus rating of “Hold” and an average price target of $11.83.

Hillman Solutions Stock Up 0.2%

Shares of HLMN traded up $0.02 during midday trading on Monday, hitting $8.45. The stock had a trading volume of 49,993 shares, compared to its average volume of 1,316,080. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 76.83 and a beta of 1.65. The company has a 50 day simple moving average of $9.16 and a two-hundred day simple moving average of $8.59. Hillman Solutions has a twelve month low of $6.55 and a twelve month 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.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data 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 8.86% and a net margin of 1.44%.The business had revenue of $424.94 million during the quarter, compared to the consensus estimate of $425.00 million. Hillman Solutions has set its FY 2025 guidance at EPS. On average, analysts anticipate that Hillman Solutions will post 0.58 EPS for the current year.

Institutional Trading of Hillman Solutions

A number of hedge funds have recently made changes to their positions in HLMN. Cerity Partners LLC acquired a new position in shares of Hillman Solutions during the 1st quarter worth approximately $122,000. Victory Capital Management Inc. lifted its holdings in Hillman Solutions by 2.5% during the 1st quarter. Victory Capital Management Inc. now owns 76,530 shares of the company’s stock valued at $673,000 after purchasing an additional 1,872 shares during the last quarter. TD Asset Management Inc bought a new position in Hillman Solutions during the first quarter worth $1,138,000. XTX Topco Ltd increased its holdings in shares of Hillman Solutions by 39.5% in the first quarter. XTX Topco Ltd now owns 24,448 shares of the company’s stock valued at $215,000 after purchasing an additional 6,917 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Hillman Solutions by 14.5% in the first quarter. US Bancorp DE now owns 21,356 shares of the company’s stock valued at $188,000 after purchasing an additional 2,700 shares during the last quarter. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Company Profile

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.