Hillman Solutions (NASDAQ:HLMN) Sets New 52-Week High at $10.85

Hillman Solutions Corp (NASDAQ:HLMNGet Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $10.85 and last traded at $10.72, with a volume of 126027 shares changing hands. The stock had previously closed at $10.64.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays upped their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Canaccord Genuity Group increased their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. TheStreet upgraded shares of Hillman Solutions from a “d+” rating to a “c-” rating in a research report on Friday, December 22nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $16.00 target price (up previously from $14.00) on shares of Hillman Solutions in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.63.

Check Out Our Latest Report on Hillman Solutions

Hillman Solutions Stock Down 1.9 %

The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74. The company’s 50-day simple moving average is $9.54 and its 200-day simple moving average is $8.52.

Hillman Solutions (NASDAQ:HLMNGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.65% and a positive return on equity of 6.88%. The firm had revenue of $347.81 million during the quarter, compared to analysts’ expectations of $344.98 million. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue was down .8% on a year-over-year basis. As a group, research analysts expect that Hillman Solutions Corp will post 0.49 earnings per share for the current year.

Insider Transactions at Hillman Solutions

In other news, insider Randall J. Fagundo sold 250,546 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the sale, the insider now directly owns 45,440 shares in the company, valued at $437,587.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Hillman Solutions news, Director John W. Swygert sold 7,207 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.74, for a total value of $70,196.18. Following the completion of the sale, the director now directly owns 24,999 shares in the company, valued at $243,490.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Randall J. Fagundo sold 250,546 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the completion of the sale, the insider now owns 45,440 shares of the company’s stock, valued at $437,587.20. The disclosure for this sale can be found here. Insiders sold a total of 618,658 shares of company stock worth $5,958,077 over the last three months. 4.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hillman Solutions

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Hillman Solutions by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,267,632 shares of the company’s stock worth $177,455,000 after purchasing an additional 110,730 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Hillman Solutions by 50.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,922,967 shares of the company’s stock valued at $142,491,000 after buying an additional 5,643,162 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Hillman Solutions by 22.9% in the second quarter. BlackRock Inc. now owns 11,706,112 shares of the company’s stock valued at $105,472,000 after buying an additional 2,181,554 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hillman Solutions by 5.2% in the first quarter. JPMorgan Chase & Co. now owns 10,577,697 shares of the company’s stock valued at $89,063,000 after buying an additional 521,444 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of Hillman Solutions by 13.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 9,180,793 shares of the company’s stock valued at $84,555,000 after buying an additional 1,107,675 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors and hedge funds.

About Hillman Solutions

(Get Free Report)

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.

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