Hillman Solutions (NASDAQ:HLMN) Sees Unusually-High Trading Volume

Hillman Solutions Corp (NASDAQ:HLMN) shares saw unusually-strong trading volume on Wednesday . Approximately 629,843 shares traded hands during mid-day trading, a decline of 31% from the previous session’s volume of 911,782 shares.The stock last traded at $10.40 and had previously closed at $10.29.

Analysts Set New Price Targets

Several analysts recently issued reports on HLMN shares. Benchmark reaffirmed a “buy” rating and issued a $13.00 price target on shares of Hillman Solutions in a report on Thursday, August 8th. Barclays upped their price target on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.92.

Hillman Solutions Stock Up 3.0 %

The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -1,066.00 and a beta of 1.66. The stock’s fifty day simple moving average is $9.63 and its two-hundred day simple moving average is $9.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $379.43 million for the quarter, compared to analysts’ expectations of $383.53 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. During the same period in the prior year, the company earned $0.13 earnings per share. On average, sell-side analysts predict that Hillman Solutions Corp will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Hillman Solutions

A number of institutional investors and hedge funds have recently modified their holdings of HLMN. Sanctuary Advisors LLC acquired a new stake in shares of Hillman Solutions in the 2nd quarter worth about $257,000. Algert Global LLC acquired a new stake in shares of Hillman Solutions in the 2nd quarter worth about $334,000. The Manufacturers Life Insurance Company increased its holdings in shares of Hillman Solutions by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 100,796 shares of the company’s stock worth $892,000 after acquiring an additional 4,581 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of Hillman Solutions in the 2nd quarter worth about $133,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Hillman Solutions in the 2nd quarter worth about $175,000. 98.11% of the stock is owned by institutional investors and hedge funds.

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.