Hillman Solutions (NASDAQ:HLMN) Shares Gap Down - Here's Why

Hillman Solutions Corp (NASDAQ:HLMN - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $9.74, but opened at $9.48. Hillman Solutions shares last traded at $9.64, with a volume of 90,041 shares changing hands.

Wall Street Analysts Forecast Growth

HLMN has been the topic of several recent research reports. Barclays raised their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. Canaccord Genuity Group increased their price target on Hillman Solutions from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Benchmark lifted their price objective on Hillman Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Robert W. Baird increased their target price on Hillman Solutions from $12.00 to $14.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, William Blair downgraded shares of Hillman Solutions from an "outperform" rating to a "market perform" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.20.

Hillman Solutions Stock Performance

The company has a 50 day simple moving average of $10.77 and a 200 day simple moving average of $10.06. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 234.56 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The company had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. During the same period last year, the company earned $0.11 earnings per share. The firm's revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that Hillman Solutions Corp will post 0.53 EPS for the current year.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, insider Scott Ride sold 72,523 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now owns 70,369 shares in the company, valued at approximately $750,133.54. The trade was a 50.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the transaction, the director now owns 55,811 shares of the company's stock, valued at $623,966.98. This represents a 26.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.10% of the company's stock.

Institutional Investors Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its position in shares of Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company's stock valued at $35,000 after acquiring an additional 2,317 shares during the period. Quarry LP purchased a new stake in shares of Hillman Solutions during the 3rd quarter valued at approximately $43,000. Canada Pension Plan Investment Board bought a new position in Hillman Solutions in the 2nd quarter worth approximately $57,000. Benjamin F. Edwards & Company Inc. grew its stake in Hillman Solutions by 103.9% in 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 in the last quarter. Finally, Stratos Wealth Advisors LLC bought a new stake in Hillman Solutions during the 3rd quarter valued at $132,000. 98.11% of the stock is owned by hedge funds and other institutional investors.

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.