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

Shares of Hillman Solutions Corp. (NASDAQ:HLMN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.78 and last traded at $10.74, with a volume of 3295054 shares changing hands. The stock had previously closed at $9.92.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HLMN. Wall Street Zen upgraded Hillman Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $15.00 price objective on shares of Hillman Solutions in a research report on Monday, November 24th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Hillman Solutions has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Hillman Solutions Stock Performance

The stock’s 50-day moving average price is $9.25 and its 200-day moving average price is $9.24. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 56.53 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 (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $424.94 million during the quarter, compared to analysts’ expectations of $425.00 million. Hillman Solutions had a return on equity of 9.71% and a net margin of 2.44%. As a group, equities research analysts expect that Hillman Solutions Corp. will post 0.58 earnings per share for the current year.

Institutional Trading of Hillman Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Argos Wealth Advisors LLC purchased a new position in shares of Hillman Solutions during the 4th quarter worth approximately $141,000. MGO One Seven LLC grew its holdings in Hillman Solutions by 3.8% during the 4th quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock valued at $260,000 after buying an additional 1,109 shares during the last quarter. Benjamin Edwards Inc. increased its position in Hillman Solutions by 13.5% during the fourth quarter. Benjamin Edwards Inc. now owns 20,095 shares of the company’s stock worth $174,000 after buying an additional 2,397 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Hillman Solutions by 4.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 5,714,463 shares of the company’s stock worth $49,487,000 after acquiring an additional 230,580 shares during the last quarter. Finally, Jennison Associates LLC purchased a new stake in shares of Hillman Solutions in the fourth quarter valued at $950,000. 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.