Hillman Solutions (NASDAQ:HLMN) Hits New 52-Week High Following Analyst Upgrade

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday after Barclays raised their price target on the stock from $10.00 to $12.00. Barclays currently has an equal weight rating on the stock. Hillman Solutions traded as high as $12.08 and last traded at $11.68, with a volume of 55475 shares changing hands. The stock had previously closed at $11.09.

A number of other research analysts also recently issued reports on HLMN. Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird upped their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Benchmark reissued a "buy" rating and issued a $13.00 price target on shares of Hillman Solutions in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Hillman Solutions presently has an average rating of "Moderate Buy" and an average target price of $12.92.

Institutional Trading of Hillman Solutions

Hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in shares of Hillman Solutions during the second quarter valued at $57,000. Benjamin F. Edwards & Company Inc. increased its stake in Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company's stock valued at $78,000 after buying an additional 4,473 shares during the period. Institute for Wealth Management LLC. bought a new stake in shares of Hillman Solutions during the 2nd quarter worth about $101,000. Stratos Wealth Advisors LLC acquired a new stake in shares of Hillman Solutions in the 3rd quarter worth approximately $132,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Hillman Solutions in the first quarter valued at approximately $143,000. Institutional investors own 98.11% of the company's stock.

Hillman Solutions Stock Up 0.5 %

The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 381.79 and a beta of 1.65. The stock's 50 day moving average is $10.30 and its 200 day moving average is $9.66. The company has a quick ratio of 0.77, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $393.30 million for the quarter, compared to analysts' expectations of $389.50 million. Hillman Solutions had a return on equity of 7.96% and a net margin of 0.41%. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. Analysts forecast that Hillman Solutions Corp will post 0.52 EPS for the current year.

About Hillman Solutions

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.