Hillman Solutions (NASDAQ:HLMN) Shares Up 7.5%

Shares of Hillman Solutions Corp (NASDAQ:HLMN) shot up 7.5% during mid-day trading on Tuesday . The company traded as high as $9.82 and last traded at $9.74. 103,182 shares changed hands during trading, a decline of 88% from the average session volume of 889,440 shares. The stock had previously closed at $9.06.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Barclays cut their price target on shares of Hillman Solutions from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.58.

Hillman Solutions Price Performance

The firm’s 50-day moving average price is $9.13 and its two-hundred day moving average price is $9.43. The stock has a market cap of $1.91 billion, a PE ratio of -906.00 and a beta of 1.66. The company has a current ratio of 2.49, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65.

Hillman Solutions (NASDAQ:HLMN) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Hillman Solutions had a negative net margin of 0.13% and a positive return on equity of 7.50%. The firm had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. During the same quarter in the prior year, the company earned $0.06 EPS. The company’s revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Hillman Solutions Corp will post 0.45 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In other news, Director Aaron Jagdfeld sold 49,447 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $9.04, for a total value of $447,000.88. Following the completion of the sale, the director now owns 197,031 shares of the company’s stock, valued at approximately $1,781,160.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. M&T Bank Corp raised its holdings in shares of Hillman Solutions by 6.8% in the fourth quarter. M&T Bank Corp now owns 30,804 shares of the company’s stock worth $284,000 after buying an additional 1,952 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Hillman Solutions by 8.5% in the first quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock worth $373,000 after buying an additional 2,762 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in shares of Hillman Solutions by 2.1% in the first quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company’s stock worth $1,576,000 after acquiring an additional 3,037 shares during the period. Rhumbline Advisers increased its stake in shares of Hillman Solutions by 1.0% in the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after acquiring an additional 3,129 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hillman Solutions by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after acquiring an additional 3,299 shares during the period. Hedge funds and other institutional investors own 98.11% of the company’s stock.

Hillman Solutions Company Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.