Hillman Solutions (NASDAQ:HLMN) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Hillman Solutions (NASDAQ:HLMN) was upgraded by equities researchers at Jefferies Financial Group to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

Several other equities analysts have also issued reports on HLMN. Barclays increased their target price on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Canaccord Genuity Group cut their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Weiss Ratings raised shares of Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.

Hillman Solutions Stock Down 4.1%

Hillman Solutions stock opened at $6.98 on Thursday. The company has a market capitalization of $1.36 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. Hillman Solutions has a fifty-two week low of $6.93 and a fifty-two week high of $10.85. The firm has a 50 day moving average price of $8.14 and a 200 day moving average price of $8.07.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The company had revenue of $442.25 million for the quarter, compared to analysts’ expectations of $433.67 million. Research analysts expect that Hillman Solutions will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total value of $99,687.50. Following the sale, the insider owned 58,855 shares of the company’s stock, valued at $426,698.75. This trade represents a 18.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the transaction, the insider owned 54,723 shares of the company’s stock, valued at $468,976.11. The trade was a 24.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.30% of the company’s stock.

Institutional Trading of Hillman Solutions

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Hillman Solutions in the second quarter valued at approximately $25,000. Kestra Advisory Services LLC acquired a new position in Hillman Solutions during the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC acquired a new position in Hillman Solutions during the 4th quarter worth approximately $37,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Hillman Solutions in the 2nd quarter valued at approximately $42,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Hillman Solutions in the 3rd quarter valued at approximately $59,000. 98.11% of the stock is currently owned by hedge funds and other 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.