Take off with Hillman Solutions Corp. (HLMN): Get ready for trading

Hillman Solutions Corp. (NASDAQ: HLMN) stock fell 0.00% on Friday to $9.26 against a previous-day closing price of $9.26. With 1.29 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.45 million shares. During the session, the Tools & Accessories company that operates in wider Industrials sector, reached to the highest price of $9.46 whereas the lowest price it dropped to was $9.16. The 52-week range on HLMN shows that it touched its highest point at $13.46 and its lowest point at $8.01 during that stretch. It currently has a 1-year price target of $13.29.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HLMN was down-trending over the past week, with a drop of -7.95%, but this was up by 11.16% over a month. Three-month performance dropped to -21.59% while six-month performance rose 4.87%. The stock lost -25.68% in the past year, while it has lost -13.86% so far this year. A look at the trailing 12-month EPS for HLMN yields -0.19 with Next year EPS estimates of 0.35. For the next quarter, that number is 0.10. This implies an EPS growth rate of -117.90% for this year and 9.97% for next year.

Float and Shares Shorts:

At present, 194.01 million HLMN shares are outstanding with a float of 192.59 million shares on hand for trading. On Jul 14, 2022, short shares totaled 12.83 million, which was 6.61% higher than short shares on Jun 14, 2022. In addition to Mr. Douglas J. Cahill as the firm’s Chairman, Pres & CEO, Mr. Robert O. Kraft serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 93.89% of HLMN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 31.54% of HLMN, in contrast to 26.83% held by mutual funds. Shares owned by individuals account for 26.65%. As the largest shareholder in HLMN with 4.47% of the stake, The Vanguard Group, Inc. holds 8,681,668 shares worth 8,681,668. A second-largest stockholder of HLMN, Jefferies Financial Group Inc., holds 8,223,576 shares, controlling over 4.24% of the firm’s shares. Conestoga Capital Advisors LLC is the third largest shareholder in HLMN, holding 8,060,597 shares or 4.15% stake. With a 2.43% stake in HLMN, the Conestoga Small Cap Fund is the largest stakeholder. A total of 4,716,750 shares are owned by the mutual fund manager. The JPMorgan Small Cap Equity Fund, which owns about 2.34% of HLMN stock, is the second-largest Mutual Fund holder. It holds 4,539,085 shares valued at 39.22 million. Vanguard Total Stock Market Index holds 1.93% of the stake in HLMN, owning 3,735,933 shares worth 32.28 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 24, 2022, HLMN reported revenue of $363.01M and operating income of $8.85M. Over the past year, revenue came in at $1.45B while operating income stood at $13.38M. It generated -$1.89M net income for the quarter, which came to -$31.25M over the last twelve months. The EBITDA in the recently reported quarter was $37.62M and diluted EPS was -$0.01. EBITDA for the full year was $123.57M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLMN since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HLMN analysts setting a high price target of $15.00 and a low target of $11.00, the average target price over the next 12 months is $12.71. Based on these targets, HLMN could surge 61.99% to reach the target high and rise by 18.79% to reach the target low. Reaching the average price target will result in a growth of 37.26% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HLMN will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of $0.42 being high and $0.13 being low. For HLMN, this leads to a yearly average estimate of $0.29. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Hillman Solutions Corp. surprised analysts by $0.05 when it reported $0.14 EPS against a consensus estimate of $0.09. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.12 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.08.

Summary of Insider Activity:

Insiders traded HLMN stock several times over the past three months with 8 Buys and 1 Sells. In these transactions, 82,310 shares were bought while 25,918 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 634,457 while 12,412,513 shares were sold.

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