Hillman Solutions (NASDAQ:HLMN) Sets New 1-Year Low – Here’s Why

Hillman Solutions Corp. (NASDAQ:HLMN)’s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $6.85 and last traded at $6.8750, with a volume of 303135 shares changing hands. The stock had previously closed at $7.05.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HLMN. Barclays upped their price target on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings upgraded Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 4th. Canaccord Genuity Group lowered their target price on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Finally, Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Hillman Solutions Stock Performance

The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average price is $7.96 and its two-hundred day moving average price is $7.98. The firm has a market capitalization of $1.36 billion, a PE ratio of 31.80, a PEG ratio of 0.99 and a beta of 1.38.

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

Insider Buying and Selling

In related news, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert Kraft bought 35,500 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $7.00 per share, with a total value of $248,500.00. Following the purchase, the chief financial officer directly owned 697,090 shares in the company, valued at $4,879,630. The trade was a 5.37% increase in their position. The SEC filing for this purchase provides additional information. 5.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Hillman Solutions during the second quarter worth approximately $25,000. Public Employees Retirement System of Ohio acquired a new position in Hillman Solutions in the 2nd quarter valued at $42,000. NewEdge Wealth LLC acquired a new position in Hillman Solutions in the 2nd quarter valued at $88,000. Walleye Capital LLC purchased a new position in shares of Hillman Solutions during the 1st quarter worth $97,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Hillman Solutions during the 2nd quarter worth $110,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

Hillman Solutions Company Profile

Hillman Solutions Corp. is a provider of hardware-related products and services to retailers and consumers across North America. The company supplies merchandise and in-store solutions designed to help customers maintain, repair, secure and organize their homes, vehicles and other property.

Its product portfolio includes keys and key-duplication services, key accessories, locks, identification products, fasteners, wall-hanging hardware, bath hardware, specialty hardware and other home-improvement items.