In yesterday’s Wall Street session, Hillman Solutions Corp. (NASDAQ:HLMN) shares traded at $9.75, unchanged from the previous session.
10 analysts cover Hillman Solutions Corp. (NASDAQ:HLMN), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $10.00, we find $10.50. Given the previous closing price of $9.75, this indicates a potential upside of 7.69 percent. HLMN stock price is now 8.87% away from the 50-day moving average and 16.81% away from the 200-day moving average. The market capitalization of the company currently stands at $1.88B.
The stock has received a hold rating from 0 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $11.19 as their price target over the next twelve months.
With the price target of $12, Canaccord Genuity recently initiated with Buy rating for Hillman Solutions Corp. (NASDAQ: HLMN).
In other news, Woodlief Philip, Director bought 10,000 shares of the company’s stock on May 18. The stock was bought for $79,100 at an average price of $7.91. Upon completion of the transaction, the Director now directly owns 27,537 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, 10% Owner CCMP Capital, LP sold 22,455,000 shares of the business’s stock. A total of $172,652,004 was realized by selling the stock at an average price of $7.69. Insiders disposed of 59,605,000 shares of company stock worth roughly $581.15 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HLMN stock. A new stake in Hillman Solutions Corp. shares was purchased by MARATHON CAPITAL MANAGEMENT during the first quarter worth $9,111,000. BANK OF MONTREAL /CAN/ invested $3,055,000 in shares of HLMN during the first quarter. In the first quarter, STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in Hillman Solutions Corp. valued at approximately $2,884,000. PORTSIDE WEALTH GROUP, LLC acquired a new stake in HLMN for approximately $2,406,000. EAGLE ASSET MANAGEMENT INC purchased a new stake in HLMN valued at around $2,257,000 in the second quarter. In total, there are 247 active investors with 94.87% ownership of the company’s stock.
On Thursday morning Hillman Solutions Corp. (NASDAQ: HLMN) stock kicked off with the opening price of $9.73. During the past 12 months, Hillman Solutions Corp. has had a low of $6.59 and a high of $10.28. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 2.90, and a quick ratio of 0.80. The fifty day moving average price for HLMN is $8.99 and a two-hundred day moving average price translates $8.36 for the stock.
The latest earnings results from Hillman Solutions Corp. (NASDAQ: HLMN) was released for Mar, 2023. According to the Tools & Accessories Company, earnings per share came in at $0.06, beating analysts’ expectations of $0.02 by 0.04. This compares to -$0.01 EPS in the same period last year. The net profit margin was -1.60% and return on equity was -2.00% for HLMN. The company reported revenue of $349.71 million for the quarter, compared to $363.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.67 percent. For the current quarter, analysts expect HLMN to generate $397.51M in revenue.
