Hillman Solutions Corp. (NASDAQ: HLMN) stock jumped 2.24% on Monday to $8.66 against a previous-day closing price of $8.47. With 1.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. During the session, the Tools & Accessories company that operates in wider Industrials sector, reached to the highest price of $8.68 whereas the lowest price it dropped to was $8.43. The 52-week range on HLMN shows that it touched its highest point at $10.28 and its lowest point at $6.59 during that stretch. It currently has a 1-year price target of $11.56. Beta for the stock currently stands at 1.57.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
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 up-trending over the past week, with a rise of 0.81%, but this was down by -4.84% over a month. Three-month performance dropped to -3.99% while six-month performance rose 10.74%. The stock gained 8.11% in the past year, while it has gained 20.11% so far this year. A look at the trailing 12-month EPS for HLMN yields -0.14 with Next year EPS estimates of 0.47. For the next quarter, that number is 0.13. This implies an EPS growth rate of 70.30% for this year and 12.74% for next year.
Float and Shares Shorts:
At present, 194.64 million HLMN shares are outstanding with a float of 191.86 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.19 million, which was 2.66% higher than short shares on Jul 30, 2023. 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:
Other institutions hold 53.04% of HLMN, in contrast to 47.05% held by mutual funds. Shares owned by individuals account for 31.87%. As the largest shareholder in HLMN with 8.86% of the stake, The Vanguard Group, Inc. holds 17,263,997 shares worth 17,263,997. A second-largest stockholder of HLMN, Kayne Anderson Rudnick Investment, holds 16,224,204 shares, controlling over 8.33% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in HLMN, holding 10,493,177 shares or 5.39% stake. With a 3.36% stake in HLMN, the American Century Small Cap Value is the largest stakeholder. A total of 6,537,990 shares are owned by the mutual fund manager. The JPMorgan Small Cap Equity Fund, which owns about 3.24% of HLMN stock, is the second-largest Mutual Fund holder. It holds 6,314,624 shares valued at 57.15 million. Vanguard Total Stock Market ETF holds 2.94% of the stake in HLMN, owning 5,732,262 shares worth 51.88 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 30, 2023, HLMN reported revenue of $394.11M and operating income of $27.77M. The EBITDA in the recently reported quarter was $57.51M and diluted EPS was $0.04.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLMN since 0 analysts follow the stock currently. 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 $13.00 and a low target of $10.00, the average target price over the next 12 months is $11.56. Based on these targets, HLMN could surge 50.12% to reach the target high and rise by 15.47% to reach the target low. Reaching the average price target will result in a growth of 33.49% 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.
Summary of Insider Activity:
Insiders traded HLMN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,021,828 while 59,605,000 shares were sold.
