Hillman Solutions (NASDAQ:HLMN) Reaches New 1-Year High at $10.39

Hillman Solutions Corp (NASDAQ:HLMN)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $10.39 and last traded at $10.32, with a volume of 209644 shares trading hands. The stock had previously closed at $10.18.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLMN. Canaccord Genuity Group raised their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 23rd. TheStreet upgraded shares of Hillman Solutions from a “d+” rating to a “c-” rating in a report on Friday, December 22nd. Stifel Nicolaus raised their target price on shares of Hillman Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Barclays raised their target price on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.29.

Hillman Solutions Stock Performance

The company’s 50 day simple moving average is $9.42 and its 200-day simple moving average is $8.46. The company has a current ratio of 2.46, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Thursday, February 22nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 business had revenue of $347.81 million for the quarter, compared to analysts’ expectations of $344.98 million. During the same period last year, the company earned $0.05 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts expect that Hillman Solutions Corp will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Jon Michael Adinolfi sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total value of $1,079,100.00. Following the sale, the chief operating officer now directly owns 659,889 shares of the company’s stock, valued at $6,473,511.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Gary Seeds sold 163,975 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total value of $1,562,681.75. Following the transaction, the executive vice president now owns 294,722 shares in the company, valued at $2,808,700.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jon Michael Adinolfi sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $9.81, for a total transaction of $1,079,100.00. Following the completion of the transaction, the chief operating officer now owns 659,889 shares in the company, valued at approximately $6,473,511.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 618,658 shares of company stock valued at $5,958,077. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HLMN. Raymond James & Associates raised its holdings in Hillman Solutions by 12.4% in the first quarter. Raymond James & Associates now owns 256,760 shares of the company’s stock valued at $3,050,000 after buying an additional 28,276 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Hillman Solutions by 13.0% during the first quarter. Bank of New York Mellon Corp now owns 51,226 shares of the company’s stock valued at $609,000 after purchasing an additional 5,883 shares during the period. US Bancorp DE raised its stake in shares of Hillman Solutions by 268.1% during the first quarter. US Bancorp DE now owns 17,305 shares of the company’s stock valued at $206,000 after purchasing an additional 12,604 shares during the period. Citigroup Inc. raised its stake in shares of Hillman Solutions by 2,006.5% during the first quarter. Citigroup Inc. now owns 36,422 shares of the company’s stock valued at $433,000 after purchasing an additional 34,693 shares during the period. Finally, Natixis Advisors L.P. raised its stake in shares of Hillman Solutions by 13.9% during the first quarter. Natixis Advisors L.P. now owns 30,480 shares of the company’s stock valued at $362,000 after purchasing an additional 3,731 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

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.