Hillman Solutions (NASDAQ:HLMN) Stock Price Target Lowered at Canaccord Genuity Group

Hillman Solutions (NASDAQ:HLMN) had its price target lowered by equities research analysts at Canaccord Genuity Group from $13.00 to $12.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price suggests a potential upside of 36.67% from the stock’s current price.

A number of other brokerages have also issued reports on HLMN. Weiss Ratings raised Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. Jefferies Financial Group upgraded Hillman Solutions to a “strong-buy” rating in a research report on Thursday, September 10th. Raymond James Financial cut Hillman Solutions from an “outperform” rating to a “hold” rating in a research note on Thursday, October 1st. Finally, Barclays increased their target price on Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.33.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN traded up $0.43 during midday trading on Wednesday, hitting $8.78. The stock had a trading volume of 2,808,026 shares, compared to its average volume of 1,599,018. The company has a market capitalization of $1.71 billion, a PE ratio of 67.54, a P/E/G ratio of 1.18 and a beta of 1.48. The stock has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $8.13. Hillman Solutions has a 1 year low of $6.66 and a 1 year high of $10.85. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 0.55.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Hillman Solutions had a return on equity of 9.05% and a net margin of 1.48%. The firm had revenue of $457.49 million for the quarter, compared to the consensus estimate of $462.10 million. On average, sell-side analysts expect that Hillman Solutions will post 0.60 EPS for the current fiscal year.

Insider Buying and Selling

In other Hillman Solutions news, CFO Robert O. Kraft acquired 35,500 shares of the stock in a transaction on Friday, September 11th. The shares were bought at an average cost of $7.00 per share, with a total value of $248,500.00. Following the transaction, the chief financial officer owned 697,090 shares of the company’s stock, valued at approximately $4,879,630. This trade represents a 5.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Aaron Parker sold 17,381 shares of Hillman Solutions stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the transaction, the insider owned 54,723 shares in the company, valued at approximately $468,976.11. This represents a 24.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hillman Solutions

Several institutional investors have recently added to or reduced their stakes in HLMN. BlackRock Inc. purchased a new stake in shares of Hillman Solutions in the second quarter valued at about $125,138,000. Jefferies Financial Group Inc. acquired a new position in shares of Hillman Solutions during the second quarter worth about $67,324,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Hillman Solutions during the second quarter worth about $30,105,000. Punch & Associates Investment Management Inc. purchased a new position in Hillman Solutions during the second quarter worth about $15,874,000. Finally, Bank of America Corp DE acquired a new stake in Hillman Solutions in the second quarter valued at about $12,661,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.