Hillman Solutions (NASDAQ:HLMN) Shares Gap Down to $10.01

Hillman Solutions Corp (NASDAQ:HLMN) shares gapped down prior to trading on Tuesday . The stock had previously closed at $10.01, but opened at $8.54. Hillman Solutions shares last traded at $9.59, with a volume of 213,933 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HLMN. Barclays raised their target price on Hillman Solutions from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Canaccord Genuity Group lifted their target price on shares of Hillman Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Robert W. Baird lifted their price target on Hillman Solutions from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $16.00 price target (up previously from $14.00) on shares of Hillman Solutions in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.54.

Hillman Solutions Stock Down 1.2 %

The firm has a market cap of $1.85 billion, a PE ratio of -191.66 and a beta of 1.73. The business’s 50 day moving average price is $9.92 and its 200 day moving average price is $8.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.46 and a quick ratio of 0.74.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $350.31 million during the quarter, compared to analysts’ expectations of $354.47 million. Hillman Solutions had a positive return on equity of 6.88% and a negative net margin of 0.65%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, equities research analysts expect that Hillman Solutions Corp will post 0.49 earnings per share for the current year.

Insider Activity at Hillman Solutions

In other news, insider Randall J. Fagundo sold 250,546 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $9.63, for a total value of $2,412,757.98. Following the completion of the sale, the insider now directly owns 45,440 shares in the company, valued at $437,587.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Randall J. Fagundo sold 250,546 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $9.63, for a total transaction of $2,412,757.98. Following the transaction, the insider now owns 45,440 shares of the company’s stock, valued at approximately $437,587.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gary Seeds sold 163,975 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $9.53, for a total transaction of $1,562,681.75. Following the completion of the sale, the executive vice president now directly owns 294,722 shares of the company’s stock, valued at approximately $2,808,700.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 618,658 shares of company stock valued at $5,958,077. 5.10% of the stock is owned by insiders.

Institutional Trading of Hillman Solutions

Institutional investors have recently made changes to their positions in the company. Comerica Bank acquired a new stake in Hillman Solutions during the third quarter worth $5,614,000. Cornercap Investment Counsel Inc. purchased a new stake in Hillman Solutions in the 4th quarter valued at about $1,211,000. State of New Jersey Common Pension Fund D lifted its position in Hillman Solutions by 27.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 348,539 shares of the company’s stock valued at $3,210,000 after buying an additional 74,593 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Hillman Solutions by 24.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,912,749 shares of the company’s stock valued at $15,780,000 after buying an additional 371,929 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Hillman Solutions by 9.2% during the third quarter. Vanguard Group Inc. now owns 19,156,902 shares of the company’s stock worth $158,044,000 after buying an additional 1,613,190 shares during the period. Hedge funds and other institutional investors 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.