Hillman Solutions Corp (NASDAQ:HLMN) Receives $14.00 Consensus Target Price from Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.00.

Several brokerages have weighed in on HLMN. William Blair cut shares of Hillman Solutions from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Benchmark increased their target price on shares of Hillman Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Canaccord Genuity Group raised their target price on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird upped their price target on Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Barclays cut their price objective on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th.

Insiders Place Their Bets

In related news, insider Scott Ride sold 72,523 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the sale, the insider now directly owns 70,369 shares of the company’s stock, valued at $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip Woodlief sold 19,779 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the transaction, the director now directly owns 55,811 shares of the company’s stock, valued at $623,966.98. This represents a 26.17 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Hillman Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Reinhart Partners LLC. boosted its stake in Hillman Solutions by 1.7% during the fourth quarter. Reinhart Partners LLC. now owns 7,612,474 shares of the company’s stock worth $74,145,000 after acquiring an additional 130,273 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Hillman Solutions by 1.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock valued at $75,588,000 after purchasing an additional 93,759 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Hillman Solutions by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,753,174 shares of the company’s stock worth $50,203,000 after purchasing an additional 113,692 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of Hillman Solutions by 1.5% in the 3rd quarter. WCM Investment Management LLC now owns 3,275,837 shares of the company’s stock worth $34,724,000 after buying an additional 49,306 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Hillman Solutions by 0.5% during the 3rd quarter. Natixis Advisors LLC now owns 2,512,226 shares of the company’s stock valued at $26,529,000 after buying an additional 13,439 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

Hillman Solutions Trading Up 1.1 %

Shares of HLMN stock opened at $10.11 on Friday. The business has a 50-day moving average of $10.22 and a 200 day moving average of $10.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.76. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08. The stock has a market capitalization of $1.99 billion, a PE ratio of 252.81 and a beta of 1.68.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million during the quarter, compared to analyst estimates of $389.50 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hillman Solutions will post 0.53 earnings per share for the current year.

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.