Hillman Solutions’ (HLMN) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Hillman Solutions (NASDAQ:HLMN) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $14.00 target price on the stock.

HLMN has been the subject of several other reports. Wall Street Zen downgraded Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Benchmark decreased their price objective on Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hillman Solutions in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Hillman Solutions Price Performance

Hillman Solutions stock opened at $8.32 on Tuesday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 39.62, a P/E/G ratio of 1.16 and a beta of 1.67. Hillman Solutions has a 12-month low of $6.55 and a 12-month high of $10.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The firm’s 50-day moving average is $9.02 and its two-hundred day moving average is $9.11.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Hillman Solutions had a net margin of 2.60% and a return on equity of 9.57%. The business had revenue of $365.14 million during the quarter, compared to analyst estimates of $371.69 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Hillman Solutions will post 0.58 earnings per share for the current year.

Insider Transactions at Hillman Solutions

In related news, insider Amanda Kitzberger sold 11,804 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total value of $97,855.16. Following the completion of the sale, the insider directly owned 72,605 shares in the company, valued at approximately $601,895.45. The trade was a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.90% of the company’s stock.

Institutional Trading of Hillman Solutions

Several institutional investors have recently made changes to their positions in HLMN. MGO One Seven LLC increased its holdings in shares of Hillman Solutions by 3.8% during the 4th quarter. MGO One Seven LLC now owns 30,074 shares of the company’s stock worth $260,000 after buying an additional 1,109 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in Hillman Solutions by 1.1% in the third quarter. Tectonic Advisors LLC now owns 118,022 shares of the company’s stock valued at $1,083,000 after acquiring an additional 1,324 shares during the last quarter. MQS Management LLC boosted its holdings in Hillman Solutions by 11.1% in the fourth quarter. MQS Management LLC now owns 14,084 shares of the company’s stock valued at $122,000 after acquiring an additional 1,406 shares during the last quarter. CWM LLC grew its position in Hillman Solutions by 106.3% during the third quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after acquiring an additional 1,773 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in Hillman Solutions by 6.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 31,569 shares of the company’s stock worth $273,000 after acquiring an additional 1,773 shares during the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

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.