Hillman Solutions (NASDAQ:HLMN) Stock Price Up 6% – Still a Buy?

Hillman Solutions Corp. (NASDAQ:HLMN)’s share price traded up 6% on Monday . The stock 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 daily volume of 1,555,065 shares. The stock had previously closed at $7.73.

Wall Street Analysts Forecast Growth

HLMN has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price target on 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 Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded 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 assigned a Sell rating to the company. According to MarketBeat, Hillman Solutions presently has a consensus rating of “Hold” and a consensus target price of $12.25.

Hillman Solutions Trading Up 1.0%

The company’s 50-day moving average price is $7.69 and its 200-day moving average price is $8.48. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 2.95 and a debt-to-equity ratio of 0.59.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Monday, April 27th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $370.07 million for the quarter, compared to analyst estimates of $371.73 million. Hillman Solutions had a return on equity of 9.15% and a net margin of 2.30%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. Equities analysts expect that Hillman Solutions Corp. will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

Hedge funds have recently made changes to their positions in the company. Central Pacific Bank Trust Division lifted its position in shares of Hillman Solutions by 8.2% in the second quarter. Central Pacific Bank Trust Division now owns 34,149 shares of the company’s stock valued at $288,000 after acquiring an additional 2,580 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Hillman Solutions by 30.0% during the first quarter. California State Teachers Retirement System now owns 235,652 shares of the company’s stock worth $1,961,000 after purchasing an additional 54,393 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Hillman Solutions by 114.5% during the first quarter. Quantinno Capital Management LP now owns 145,961 shares of the company’s stock worth $1,214,000 after purchasing an additional 77,926 shares in the last quarter. SummitTX Capital L.P. raised its stake in Hillman Solutions by 77.5% in the 1st quarter. SummitTX Capital L.P. now owns 66,628 shares of the company’s stock valued at $554,000 after purchasing an additional 29,083 shares during the last quarter. Finally, Anchor Capital Management Company LLC raised its stake in Hillman Solutions by 33.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock valued at $21,095,000 after purchasing an additional 630,000 shares during 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.