Hillman Solutions (NASDAQ:HLMN) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.08 and traded as low as $8.01. Hillman Solutions shares last traded at $8.02, with a volume of 1,360,067 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays dropped their price target on shares of Hillman Solutions from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, November 5th. Weiss Ratings raised Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 29th. Jefferies Financial Group raised shares of Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Canaccord Genuity Group reduced their price target on shares of Hillman Solutions from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Finally, Raymond James Financial lowered shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Hillman Solutions Stock Performance

The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 61.69, a price-to-earnings-growth ratio of 1.17 and a beta of 1.48. The company has a current ratio of 2.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $7.41 and a 200-day simple moving average of $8.08.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $457.49 million for the quarter, compared to analysts’ expectations of $462.10 million. Hillman Solutions had a net margin of 1.48% and a return on equity of 9.03%. On average, analysts anticipate that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Insider Activity

In related news, CFO Robert O. Kraft acquired 35,500 shares of Hillman Solutions stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average price of $7.00 per share, with a total value of $248,500.00. Following the completion of the acquisition, the chief financial officer directly owned 697,090 shares of the company’s stock, valued at $4,879,630. This trade represents a 5.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amanda Kitzberger sold 13,750 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total value of $99,687.50. Following the completion of the sale, the insider directly owned 58,855 shares in the company, valued at $426,698.75. This represents a 18.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wealth Alliance LLC lifted its position in shares of Hillman Solutions by 4.7% during the 1st quarter. Wealth Alliance LLC now owns 38,726 shares of the company’s stock valued at $322,000 after acquiring an additional 1,733 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of Hillman Solutions by 8.2% in the second quarter. Central Pacific Bank Trust Division now owns 34,149 shares of the company’s stock worth $288,000 after acquiring an additional 2,580 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Hillman Solutions in the 2nd quarter valued at approximately $25,000. Sanctuary Advisors LLC boosted its stake in Hillman Solutions by 22.5% in the 1st quarter. Sanctuary Advisors LLC now owns 18,065 shares of the company’s stock worth $150,000 after purchasing an additional 3,317 shares during the period. Finally, Verdence Capital Advisors LLC grew its position in Hillman Solutions by 3.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 106,760 shares of the company’s stock worth $746,000 after purchasing an additional 3,592 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company Profile

Hillman Solutions Corp. supplies hardware products and merchandising services to retailers and other customers across North America. Its products include fasteners such as screws, nuts and bolts; keys and key-duplication systems; and builder’s hardware and other home-improvement and maintenance products. The company serves customers including hardware stores, home-improvement retailers and mass merchants. Alongside its products, Hillman provides in-store merchandising, inventory-management and related services to help customers stock and sell hardware goods.