Benchmark Boosts Hillman Solutions (NASDAQ:HLMN) Price Target to $16.00

Hillman Solutions (NASDAQ:HLMN) had its target price boosted by research analysts at Benchmark from $13.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 48.29% from the stock’s current price.

A number of other equities research analysts have also weighed in on HLMN. Robert W. Baird boosted their target price on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays upped their price target on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Hillman Solutions currently has an average rating of “Moderate Buy” and an average price target of $14.20.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $10.79 on Friday. The firm has a 50 day moving average of $10.88 and a 200-day moving average of $9.96. Hillman Solutions has a 12 month low of $8.32 and a 12 month high of $12.08. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2.12 billion, a PE ratio of 269.75 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last posted its quarterly earnings results 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 analysts’ expectations of $389.50 million. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. Hillman Solutions’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, equities research analysts predict that Hillman Solutions will post 0.53 EPS for the current fiscal year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $11.18, for a total value of $221,129.22. Following the completion of the sale, the director now directly owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider now directly owns 70,369 shares in the company, valued at approximately $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its stake in Hillman Solutions by 231.7% in the third quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after purchasing an additional 2,317 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Hillman Solutions by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after buying an additional 3,129 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hillman Solutions by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock worth $382,000 after acquiring an additional 3,299 shares in the last quarter. Quarry LP bought a new position in shares of Hillman Solutions in the third quarter worth $43,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Hillman Solutions by 103.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock worth $78,000 after purchasing an additional 4,473 shares in the last quarter. 98.11% of the stock is owned by institutional investors.

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.