Hillman Solutions (NASDAQ:HLMN) Shares Up 6% – What’s Next?

Hillman Solutions Corp. (NASDAQ:HLMN)’s share price shot up 6% during trading on Monday . The company traded as high as $8.16 and last traded at $8.1950. Approximately 260,530 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,555,065 shares. The stock had previously closed at $7.73.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Canaccord Genuity Group decreased their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings cut shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.25.

Hillman Solutions Stock Up 2.7%

The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.56 billion, a PE ratio of 41.71, a PEG ratio of 1.07 and a beta of 1.38. The firm’s fifty day moving average is $7.70 and its 200-day moving average is $8.49.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Hillman Solutions had a net margin of 2.30% and a return on equity of 9.15%. The business had revenue of $370.07 million during the quarter, compared to analysts’ expectations of $371.73 million. During the same period in the prior year, the firm posted $0.10 EPS. Hillman Solutions’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Reinhart Partners LLC. raised its position in Hillman Solutions by 8.8% in the fourth quarter. Reinhart Partners LLC. now owns 11,388,518 shares of the company’s stock worth $98,625,000 after acquiring an additional 916,986 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Hillman Solutions by 71,052.9% during the 4th quarter. Bank of Montreal Can now owns 10,854,382 shares of the company’s stock worth $93,999,000 after purchasing an additional 10,839,127 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hillman Solutions by 9.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after purchasing an additional 870,216 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Hillman Solutions by 4.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock worth $49,487,000 after purchasing an additional 230,580 shares during the period. Finally, State Street Corp increased its holdings in shares of Hillman Solutions by 0.7% in the 4th quarter. State Street Corp now owns 4,313,518 shares of the company’s stock valued at $37,355,000 after purchasing an additional 28,735 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

About Hillman Solutions

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.