Hillman Solutions (NASDAQ:HLMN) Shares Gap Down – What’s Next?

Hillman Solutions Corp (NASDAQ:HLMN)’s share price gapped down prior to trading 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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HLMN shares. William Blair lowered Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday. Canaccord Genuity Group increased their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Benchmark boosted their target price on shares of 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 raised their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Barclays boosted their price objective on Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.20.

Hillman Solutions Stock Up 2.1 %

The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 239.56 and a beta of 1.65. 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 business’s 50-day moving average is $10.73 and its two-hundred day moving average is $10.06.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The business had revenue of $393.30 million for the quarter, compared to analysts’ expectations of $389.50 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts anticipate that Hillman Solutions Corp will post 0.53 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Hillman Solutions

Several large investors have recently modified their holdings of HLMN. Harbor Capital Advisors Inc. boosted its position in shares of Hillman Solutions by 131.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock worth $17,013,000 after purchasing an additional 914,151 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hillman Solutions by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after purchasing an additional 578,042 shares in the last quarter. Reinhart Partners LLC. boosted its position in shares of Hillman Solutions by 7.2% during the third quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock worth $79,012,000 after buying an additional 503,809 shares during the period. Renaissance Technologies LLC grew its stake in shares of Hillman Solutions by 460.9% in the second quarter. Renaissance Technologies LLC now owns 326,029 shares of the company’s stock valued at $2,885,000 after buying an additional 267,900 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Hillman Solutions by 326.8% in the 3rd quarter. Barclays PLC now owns 305,468 shares of the company’s stock valued at $3,226,000 after buying an additional 233,894 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.