Hillman Solutions (NASDAQ:HLMN) Given New $12.00 Price Target at Barclays

Hillman Solutions (NASDAQ:HLMN) had its price target lifted by stock analysts at Barclays from $10.00 to $12.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 4.99% from the company’s current price.

HLMN has been the topic of a number of other reports. 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. Canaccord Genuity Group lifted their price target on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Hillman Solutions in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.92.

Hillman Solutions Stock Performance

Hillman Solutions stock traded up $0.34 during midday trading on Wednesday, hitting $11.43. The company’s stock had a trading volume of 340,804 shares, compared to its average volume of 884,605. Hillman Solutions has a 1-year low of $6.02 and a 1-year high of $12.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 0.77. The company has a 50-day moving average price of $10.27 and a two-hundred day moving average price of $9.65. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 378.13 and a beta of 1.65.

Hillman Solutions (NASDAQ:HLMN) last released its earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Hillman Solutions had a net margin of 0.41% and a return on equity of 7.96%. The firm had revenue of $393.30 million for the quarter, compared to analyst estimates of $389.50 million. During the same period last year, the firm earned $0.11 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that Hillman Solutions will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On Hillman Solutions

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Hillman Solutions by 167.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 249,956 shares of the company’s stock valued at $2,660,000 after buying an additional 156,449 shares during the period. Bank of New York Mellon Corp raised its position in Hillman Solutions by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 806,409 shares of the company’s stock valued at $7,137,000 after acquiring an additional 70,861 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Hillman Solutions by 131.2% in the third quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after buying an additional 914,151 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Hillman Solutions by 4.8% during the first quarter. Clearbridge Investments LLC now owns 4,807,829 shares of the company’s stock worth $51,155,000 after purchasing an additional 218,982 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in shares of Hillman Solutions by 2.7% during the second quarter. Burgundy Asset Management Ltd. now owns 8,515,597 shares of the company’s stock worth $75,363,000 after purchasing an additional 225,480 shares in the last quarter. Hedge funds and other 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.