Hillman Solutions (NASDAQ:HLMN) Shares Cross Above 50 Day Moving Average – Should You Sell?
by Kim Johansen · The Markets DailyHillman Solutions Corp. (NASDAQ:HLMN – Get Free Report) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $7.36 and traded as high as $7.64. Hillman Solutions shares last traded at $7.59, with a volume of 1,772,055 shares.
Analyst Ratings Changes
A number of equities research analysts have commented on HLMN shares. Jefferies Financial Group upgraded shares of Hillman Solutions to a “strong-buy” rating in a report on Thursday, September 10th. Barclays increased their price objective on shares of Hillman Solutions from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Raymond James Financial lowered Hillman Solutions from an “outperform” rating to a “hold” rating in a research report on Thursday, October 1st. Weiss Ratings raised Hillman Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Canaccord Genuity Group cut their price target on Hillman Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.
Read Our Latest Research Report on Hillman Solutions
Hillman Solutions Price Performance
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 2.71. The stock’s 50 day simple moving average is $7.34 and its 200 day simple moving average is $8.14. The firm has a market cap of $1.52 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 1.09 and a beta of 1.42.
Hillman Solutions (NASDAQ:HLMN – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $442.25 million for the quarter, compared to analyst estimates of $433.67 million. Hillman Solutions had a net margin of 2.57% and a return on equity of 9.11%. Research analysts anticipate that Hillman Solutions Corp. will post 0.60 EPS for the current year.
Insider Activity at Hillman Solutions
In other Hillman Solutions news, insider Aaron Parker sold 17,381 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $8.57, for a total transaction of $148,955.17. Following the completion of the sale, the insider directly owned 54,723 shares of the company’s stock, valued at approximately $468,976.11. The trade was a 24.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert O. Kraft acquired 35,500 shares of the stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of $7.00 per share, with a total value of $248,500.00. Following the completion of the purchase, the chief financial officer owned 697,090 shares of the company’s stock, valued at approximately $4,879,630. The trade was a 5.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.30% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Hillman Solutions during the 2nd quarter valued at $125,138,000. Dimensional Fund Advisors LP boosted its holdings in shares of Hillman Solutions by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,659,075 shares of the company’s stock worth $80,358,000 after buying an additional 870,216 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Hillman Solutions during the second quarter valued at about $67,324,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Hillman Solutions during the second quarter valued at about $30,105,000. Finally, Anchor Capital Management Company LLC increased its holdings in Hillman Solutions by 33.1% during the first quarter. Anchor Capital Management Company LLC now owns 2,535,478 shares of the company’s stock worth $21,095,000 after buying an additional 630,000 shares during the last quarter. Hedge funds and other institutional investors own 98.11% of the company’s stock.
Hillman Solutions Company Profile
Hillman Solutions Corp. (NASDAQ:HLMN) provides hardware products and related merchandising solutions to home improvement centers, mass merchants, hardware stores and other retailers. Its product offerings include house and vehicle keys, key duplication services, key accessories, fasteners, wall-hanging hardware, identification products, engravable tags and other everyday hardware items.
The company also operates automated key-copying kiosks through its MinuteKey business and supplies in-store fixtures, displays and inventory-management services designed to help retailers merchandise and replenish hardware products.