Hillman Solutions (NASDAQ:HLMN) Price Target Raised to $13.00 at Canaccord Genuity Group

Hillman Solutions (NASDAQ:HLMN) had its price objective boosted by Canaccord Genuity Group from $12.00 to $13.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on HLMN. Barclays increased their price objective on shares of Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Hillman Solutions in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Hillman Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.08.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN opened at $10.99 on Wednesday. The firm has a market capitalization of $2.15 billion, a PE ratio of -1,099.00 and a beta of 1.66. The business’s fifty day moving average price is $9.99 and its two-hundred day moving average price is $9.59. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $11.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77.

Hillman Solutions (NASDAQ:HLMN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $379.43 million for the quarter, compared to analysts’ expectations of $383.53 million. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. During the same period in the previous year, the business earned $0.13 earnings per share. On average, research analysts expect that Hillman Solutions will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Hillman Solutions

A number of large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Hillman Solutions by 158.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 7,064,187 shares of the company’s stock valued at $62,518,000 after purchasing an additional 4,336,039 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hillman Solutions by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after acquiring an additional 578,042 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Hillman Solutions by 271.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 696,900 shares of the company’s stock worth $6,168,000 after acquiring an additional 509,219 shares during the period. Reinhart Partners LLC. grew its stake in Hillman Solutions by 7.2% during the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after acquiring an additional 503,809 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new position in shares of Hillman Solutions in the 1st quarter valued at about $4,498,000. Institutional investors and hedge funds own 98.11% of the company’s stock.

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.