Hillman Solutions (NASDAQ:HLMN) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Hillman Solutions (NASDAQ:HLMN) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

HLMN has been the subject of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of Hillman Solutions in a report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Hillman Solutions Trading Down 0.2%

Shares of HLMN stock opened at $9.95 on Friday. The stock has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $9.05. The stock has a market capitalization of $1.96 billion, a P/E ratio of 52.37 and a beta of 1.65. Hillman Solutions has a fifty-two week low of $6.55 and a fifty-two week high of $10.64. The company has a quick ratio of 0.77, a current ratio of 2.46 and a debt-to-equity ratio of 0.56.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Hillman Solutions had a net margin of 2.44% and a return on equity of 9.71%. The company had revenue of $424.94 million during the quarter, compared to the consensus estimate of $425.00 million. On average, sell-side analysts expect that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hillman Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake in Hillman Solutions by 106.3% during the 3rd quarter. CWM LLC now owns 3,441 shares of the company’s stock valued at $32,000 after purchasing an additional 1,773 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Hillman Solutions during the third quarter valued at $59,000. Advisory Services Network LLC purchased a new stake in Hillman Solutions in the 3rd quarter worth about $63,000. Lazard Asset Management LLC acquired a new stake in Hillman Solutions during the 2nd quarter worth about $75,000. Finally, Entropy Technologies LP grew its stake in Hillman Solutions by 17.8% during the 2nd quarter. Entropy Technologies LP now owns 13,100 shares of the company’s stock valued at $94,000 after acquiring an additional 1,977 shares in 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.