Canaccord Genuity Group Has Lowered Expectations for Hillman Solutions (NASDAQ:HLMN) Stock Price

Hillman Solutions (NASDAQ:HLMN) had its price objective decreased by equities researchers at Canaccord Genuity Group from $14.00 to $13.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 91.83% from the stock’s previous close.

Several other analysts have also issued reports on the company. Weiss Ratings raised Hillman Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Raymond James Financial lowered shares of Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group raised Hillman Solutions to a “strong-buy” rating in a research note on Thursday, September 10th. Finally, Barclays increased their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.67.

Hillman Solutions Trading Down 3.0%

Shares of Hillman Solutions stock opened at $6.78 on Thursday. The company’s fifty day simple moving average is $7.91 and its 200-day simple moving average is $7.96. The stock has a market capitalization of $1.32 billion, a PE ratio of 30.81, a P/E/G ratio of 1.00 and a beta of 1.38. Hillman Solutions has a 1-year low of $6.84 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.71 and a quick ratio of 0.87.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Hillman Solutions had a return on equity of 9.11% and a net margin of 2.57%.The firm had revenue of $442.25 million during the quarter, compared to analyst estimates of $433.67 million. As a group, equities analysts anticipate that Hillman Solutions will post 0.6 earnings per share for the current year.

Insider Activity

In related news, insider Aaron Parker sold 17,381 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total value of $148,955.17. Following the completion of the transaction, the insider directly owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. This trade represents a 24.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert Kraft purchased 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, for a total transaction of $248,500.00. Following the transaction, the chief financial officer directly owned 697,090 shares of the company’s stock, valued at $4,879,630. The trade was a 5.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 5.30% of the company’s stock.

Institutional Trading of Hillman Solutions

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Hillman Solutions in the 2nd quarter valued at about $125,138,000. Dimensional Fund Advisors LP increased its stake in Hillman Solutions by 9.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after acquiring an additional 870,216 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in Hillman Solutions during the second quarter worth approximately $67,324,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Hillman Solutions during the second quarter valued at approximately $30,105,000. Finally, GW&K Investment Management LLC raised its position in Hillman Solutions by 0.3% during the fourth quarter. GW&K Investment Management LLC now owns 3,089,708 shares of the company’s stock valued at $26,756,000 after purchasing an additional 8,421 shares during the period. 98.11% of the stock is currently owned by institutional investors.

About Hillman Solutions

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.