Hillman Solutions Corp (NASDAQ:HLMN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Hillman Solutions Corp (NASDAQ:HLMN) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.20.

A number of research analysts recently issued reports on the stock. Barclays raised their target price on shares of Hillman Solutions from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Benchmark raised their price target on Hillman Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Robert W. Baird boosted their price objective on Hillman Solutions from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised their target price on Hillman Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, October 16th.

Insider Buying and Selling at Hillman Solutions

In other Hillman Solutions news, Director Philip Woodlief sold 19,779 shares of Hillman Solutions stock in a transaction on Friday, December 6th. The shares were sold at an average price of $11.18, for a total transaction of $221,129.22. Following the sale, the director now owns 55,811 shares in the company, valued at $623,966.98. The trade was a 26.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Ride sold 72,523 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.66, for a total transaction of $773,095.18. Following the completion of the transaction, the insider now owns 70,369 shares of the company’s stock, valued at approximately $750,133.54. This represents a 50.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Institutional Trading of Hillman Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLMN. Conestoga Capital Advisors LLC grew its holdings in Hillman Solutions by 3.5% during the second quarter. Conestoga Capital Advisors LLC now owns 9,618,653 shares of the company’s stock valued at $85,125,000 after purchasing an additional 328,740 shares during the period. Burgundy Asset Management Ltd. boosted 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. Reinhart Partners LLC. grew its holdings in shares of Hillman Solutions by 7.2% in the 3rd quarter. Reinhart Partners LLC. now owns 7,482,201 shares of the company’s stock valued at $79,012,000 after buying an additional 503,809 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Hillman Solutions by 1.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,157,946 shares of the company’s stock valued at $75,588,000 after buying an additional 93,759 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Hillman Solutions by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,760,968 shares of the company’s stock worth $42,134,000 after buying an additional 578,042 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

Hillman Solutions Stock Performance

HLMN opened at $9.96 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The company has a market cap of $1.96 billion, a PE ratio of 249.06 and a beta of 1.65. The stock has a 50-day moving average of $10.92 and a 200-day moving average of $10.00. Hillman Solutions has a 52-week low of $8.43 and a 52-week high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Hillman Solutions had a return on equity of 8.81% and a net margin of 0.57%. The firm had revenue of $393.30 million during the quarter, compared to analysts’ expectations of $389.50 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts forecast 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.