Hillman Solutions (NASDAQ:HLMN) Stock Gets Price Target Trim from Canaccord Genuity Group

Hillman Solutions (NASDAQ:HLMN) had its target price decreased by Canaccord Genuity Group from $13.00 to $12.00 in a research report sent to investors on Wednesday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Raymond James Financial lowered Hillman Solutions from an “outperform” rating to a “hold” rating in a report on Thursday, October 1st. Barclays boosted their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings raised shares of Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 29th. Finally, Jefferies Financial Group raised shares of Hillman Solutions to a “strong-buy” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Hillman Solutions Stock Performance

NASDAQ HLMN traded down $0.21 on Wednesday, reaching $8.32. 3,120,439 shares of the company’s stock traded hands, compared to its average volume of 1,765,399. Hillman Solutions has a fifty-two week low of $6.66 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 64.00, a P/E/G ratio of 1.18 and a beta of 1.48. The stock has a 50 day moving average price of $7.37 and a 200-day moving average price of $8.11.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $457.49 million for the quarter, compared to the consensus estimate of $462.10 million. Hillman Solutions had a return on equity of 9.05% and a net margin of 1.48%. Equities research analysts predict that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Insider Activity

In other Hillman Solutions news, insider Amanda Kitzberger sold 13,750 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $7.25, for a total transaction of $99,687.50. Following the transaction, the insider owned 58,855 shares in the company, valued at approximately $426,698.75. This represents a 18.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert O. Kraft acquired 35,500 shares of the company’s stock in a transaction on Friday, September 11th. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $248,500.00. Following the completion of the acquisition, the chief financial officer owned 697,090 shares of the company’s stock, valued at $4,879,630. This trade represents a 5.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Riverbridge Partners LLC increased its holdings in Hillman Solutions by 2.3% in the 3rd quarter. Riverbridge Partners LLC now owns 1,231,137 shares of the company’s stock worth $8,606,000 after acquiring an additional 28,145 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Hillman Solutions in the third quarter valued at about $174,000. CenterBook Partners LP acquired a new stake in shares of Hillman Solutions in the third quarter valued at about $263,000. Commonwealth Equity Services LLC purchased a new stake in shares of Hillman Solutions during the third quarter worth about $136,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Hillman Solutions during the third quarter worth about $122,000. 98.11% of the stock is owned by institutional investors and hedge funds.

Hillman Solutions Company Profile

Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.

The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.