Hillman Solutions Corp (NASDAQ:HLMN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have been given an average rating of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.60.

HLMN has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a research report on Thursday, August 8th. Robert W. Baird upped their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group lifted their price objective on shares of Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays boosted their price objective on shares of Hillman Solutions from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th.

Hillman Solutions Stock Performance

Shares of HLMN stock opened at $11.28 on Tuesday. The firm has a market cap of $2.22 billion, a PE ratio of 282.07 and a beta of 1.65. Hillman Solutions has a 12 month low of $7.06 and a 12 month high of $12.08. The company’s fifty day simple moving average is $10.64 and its 200-day simple moving average is $9.78. The company has a quick ratio of 0.76, a current ratio of 2.32 and a debt-to-equity ratio of 0.62.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $393.30 million during the quarter, compared to the consensus estimate of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. Equities research analysts expect that Hillman Solutions will post 0.53 EPS for the current fiscal year.

Insider Activity

In related news, insider Scott Ride sold 72,523 shares of Hillman Solutions stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the sale, the insider now directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This trade represents a 50.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of Hillman Solutions by 29.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 44,170 shares of the company’s stock worth $470,000 after purchasing an additional 10,036 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Hillman Solutions during the first quarter worth approximately $143,000. SG Americas Securities LLC bought a new position in Hillman Solutions during the 1st quarter worth $153,000. ProShare Advisors LLC raised its holdings in Hillman Solutions by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock valued at $373,000 after acquiring an additional 2,762 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Hillman Solutions by 4.8% during the 1st quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock valued at $51,155,000 after acquiring an additional 218,982 shares during the period. Institutional investors own 98.11% of the company’s stock.

About Hillman Solutions

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.