Hillman Solutions Corp (NASDAQ:HLMN) Receives $14.20 Average Target Price from Analysts

Hillman Solutions Corp (NASDAQ:HLMN) has received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $14.20.

Several analysts recently issued reports on HLMN shares. Benchmark boosted their price objective on shares of Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird boosted their price objective on shares of Hillman Solutions from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Canaccord Genuity Group boosted their price target on shares of Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays boosted their price target 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 Up 0.6 %

NASDAQ HLMN opened at $10.86 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 271.50 and a beta of 1.65. Hillman Solutions has a 52 week low of $8.43 and a 52 week high of $12.08. The business’s fifty day simple moving average is $10.90 and its 200-day simple moving average is $9.98. 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 issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. Hillman Solutions had a net margin of 0.57% and a return on equity of 8.81%. Hillman Solutions’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. As a group, equities analysts anticipate that Hillman Solutions will post 0.53 earnings per share for the current year.

Insider Transactions at Hillman Solutions

In other news, Director Philip Woodlief sold 19,779 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now directly owns 55,811 shares of the company’s stock, valued at approximately $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Ride sold 72,523 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.66, for a total value of $773,095.18. Following the transaction, the insider now directly owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This represents a 50.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Hillman Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its holdings 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 in the last quarter. Rhumbline Advisers boosted its holdings in shares of Hillman Solutions by 1.0% in the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock valued at $2,738,000 after acquiring an additional 3,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hillman Solutions by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,116 shares of the company’s stock valued at $382,000 after acquiring an additional 3,299 shares during the period. Quarry LP acquired a new stake in shares of Hillman Solutions in the third quarter valued at approximately $43,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Hillman Solutions by 103.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,779 shares of the company’s stock valued at $78,000 after acquiring an additional 4,473 shares during the period. 98.11% of the stock is owned by institutional investors and hedge funds.

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.