Hillman Solutions Corp (NASDAQ:HLMN) Receives $13.60 Consensus PT from Brokerages

Hillman Solutions Corp (NASDAQ:HLMN) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.60.

Several analysts have commented on the company. Barclays increased their target price on Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their price objective on Hillman Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $13.00 target price on shares of Hillman Solutions in a research note on Thursday, August 8th. Finally, Robert W. Baird lifted their price target on shares of Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th.

Insider Activity

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

Institutional Trading of Hillman Solutions

Hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its position in shares of Hillman Solutions by 231.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,317 shares of the company’s stock valued at $35,000 after buying an additional 2,317 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Hillman Solutions by 8.5% during the first quarter. ProShare Advisors LLC now owns 35,103 shares of the company’s stock valued at $373,000 after purchasing an additional 2,762 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Hillman Solutions by 1.0% in the second quarter. Rhumbline Advisers now owns 309,419 shares of the company’s stock worth $2,738,000 after purchasing an additional 3,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 worth $382,000 after purchasing an additional 3,299 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Hillman Solutions during the 3rd quarter valued at $43,000. Institutional investors own 98.11% of the company’s stock.

Hillman Solutions Price Performance

HLMN opened at $11.54 on Tuesday. The firm has a market cap of $2.27 billion, a PE ratio of 288.57 and a beta of 1.65. The stock has a 50-day moving average price of $10.66 and a 200-day moving average price of $9.79. Hillman Solutions has a 1 year low of $7.06 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 0.76.

Hillman Solutions (NASDAQ:HLMN) last issued its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $393.30 million for 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 business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Sell-side analysts predict that Hillman Solutions will post 0.53 earnings per share for the current fiscal year.

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.