Hillman Solutions (NASDAQ:HLMN) Sees Strong Trading Volume

Hillman Solutions Corp (NASDAQ:HLMN) saw an uptick in trading volume on Thursday . 337,586 shares were traded during trading, a decline of 60% from the previous session’s volume of 849,087 shares.The stock last traded at $8.80 and had previously closed at $8.73.

Analysts Set New Price Targets

Several brokerages recently issued reports on HLMN. Stifel Nicolaus reiterated a “buy” rating and set a $16.00 price objective (up from $14.00) on shares of Hillman Solutions in a report on Monday, April 1st. Robert W. Baird increased their price objective on Hillman Solutions from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. One 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.75.

Hillman Solutions Stock Performance

The company has a fifty day simple moving average of $9.27 and a two-hundred day simple moving average of $9.33. 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 posted its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Hillman Solutions had a positive return on equity of 7.50% and a negative net margin of 0.13%. The company had revenue of $350.31 million for the quarter, compared to analyst estimates of $354.47 million. During the same period last year, the company earned $0.06 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Analysts anticipate that Hillman Solutions Corp will post 0.46 earnings per share for the current fiscal year.

Insider Transactions at Hillman Solutions

In other news, Director Aaron Jagdfeld sold 49,447 shares of Hillman Solutions stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $9.04, for a total value of $447,000.88. Following the transaction, the director now directly owns 197,031 shares in the company, valued at $1,781,160.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hillman Solutions

Institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. acquired a new stake in Hillman Solutions during the first quarter worth about $46,000. AXQ Capital LP acquired a new stake in Hillman Solutions during the third quarter worth about $103,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Hillman Solutions during the third quarter worth about $108,000. Counterpoint Mutual Funds LLC acquired a new stake in Hillman Solutions during the first quarter worth about $140,000. Finally, SG Americas Securities LLC acquired a new stake in Hillman Solutions during the first quarter valued at approximately $153,000. 98.11% of the stock is currently owned by 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.