Hillman Solutions (NASDAQ:HLMN) Stock Rating Upgraded by Wall Street Zen

Hillman Solutions (NASDAQ:HLMN) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group restated a “buy” rating and set a $15.00 price target on shares of Hillman Solutions in a research note on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hillman Solutions in a report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Hillman Solutions Stock Down 0.2%

Shares of NASDAQ:HLMN opened at $9.95 on Friday. The business’s 50 day simple moving average is $8.94 and its two-hundred day simple moving average is $9.08. The firm has a market cap of $1.96 billion, a P/E ratio of 52.37 and a beta of 1.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 2.46. Hillman Solutions has a 52-week low of $6.55 and a 52-week high of $10.64.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Hillman Solutions had a return on equity of 9.71% and a net margin of 2.44%.The firm had revenue of $424.94 million during the quarter, compared to the consensus estimate of $425.00 million. As a group, research analysts forecast that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Institutional Trading of Hillman Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tectonic Advisors LLC bought a new position in Hillman Solutions during the second quarter worth about $833,000. Burgundy Asset Management Ltd. raised its position in shares of Hillman Solutions by 18.0% in the second quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after purchasing an additional 1,712,688 shares during the period. Reinhart Partners LLC. lifted its stake in shares of Hillman Solutions by 4.2% during the 3rd quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock valued at $96,129,000 after buying an additional 418,313 shares in the last quarter. Squarepoint Ops LLC bought a new position in Hillman Solutions in the 2nd quarter worth approximately $1,760,000. Finally, Campbell & CO Investment Adviser LLC grew its stake in Hillman Solutions by 243.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 239,960 shares of the company’s stock valued at $1,713,000 after buying an additional 170,077 shares in the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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.