Hillman Solutions (NASDAQ:HLMN) Shares Gap Up – Still a Buy?

Hillman Solutions Corp. (NASDAQ:HLMN)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $8.31, but opened at $9.00. Hillman Solutions shares last traded at $9.2470, with a volume of 296,910 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Wall Street Zen cut shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of Hillman Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hillman Solutions has a consensus rating of “Hold” and a consensus price target of $12.25.

Hillman Solutions Price Performance

The company has a 50 day moving average price of $7.86 and a 200 day moving average price of $8.37. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 1.09 and a beta of 1.39. The company has a current ratio of 2.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The business 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 9.15% and a net margin of 2.30%. As a group, equities research analysts forecast that Hillman Solutions Corp. will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in shares of Hillman Solutions in the 4th quarter valued at about $33,000. Los Angeles Capital Management LLC bought a new stake in shares of Hillman Solutions during the fourth quarter worth approximately $37,000. Brown Brothers Harriman & Co. acquired a new position in Hillman Solutions in the third quarter valued at approximately $59,000. Advisory Services Network LLC acquired a new position in Hillman Solutions in the third quarter valued at approximately $63,000. Finally, Quadrant Capital Group LLC bought a new position in Hillman Solutions in the fourth quarter valued at approximately $74,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

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.