Hillman Solutions (NASDAQ:HLMN) Shares Gap Up – Time to Buy?

Hillman Solutions Corp. (NASDAQ:HLMN) gapped up prior to trading on Tuesday . The stock had previously closed at $8.31, but opened at $9.00. Hillman Solutions shares last traded at $9.2470, with a volume of 296,910 shares.

Wall Street Analyst Weigh In

HLMN has been the subject of several analyst reports. Wall Street Zen lowered Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Canaccord Genuity Group cut their price objective on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Hillman Solutions Trading Down 3.2%

The stock has a 50-day simple moving average of $7.93 and a 200 day simple moving average of $8.36. The company has a current ratio of 2.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 1.32 and a beta of 1.39.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The business had revenue of $442.25 million for the quarter, compared to the consensus estimate of $433.67 million. As a group, equities research analysts predict that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in Hillman Solutions during the fourth quarter valued at $33,000. Los Angeles Capital Management LLC acquired a new stake in Hillman Solutions during the fourth quarter worth about $37,000. Brown Brothers Harriman & Co. purchased a new position in Hillman Solutions during the third quarter valued at approximately $59,000. Advisory Services Network LLC acquired a new position in Hillman Solutions in the third quarter valued at approximately $63,000. Finally, Quadrant Capital Group LLC acquired a new position in Hillman Solutions in the fourth quarter valued at approximately $74,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

About Hillman Solutions

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.