Hillman Solutions (NASDAQ:HLMN) Price Target Raised to $14.00 at Robert W. Baird

Hillman Solutions (NASDAQ:HLMN) had its target price hoisted by Robert W. Baird from $12.00 to $14.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 26.24% from the company’s previous close.

Other research analysts have also issued reports about the company. Barclays upped their price target on Hillman Solutions from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Canaccord Genuity Group increased their price target on shares of 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 restated a “buy” rating and set a $13.00 price target on shares of Hillman Solutions in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.58.

Hillman Solutions Stock Up 3.4 %

HLMN opened at $11.09 on Wednesday. Hillman Solutions has a one year low of $6.02 and a one year high of $11.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.77 and a current ratio of 2.32. The company has a market capitalization of $2.18 billion, a PE ratio of 369.79 and a beta of 1.65. The stock’s fifty day moving average is $10.27 and its 200-day moving average is $9.65.

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

Institutional Investors Weigh In On Hillman Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its position in shares of Hillman Solutions by 29.4% in the first quarter. Janney Montgomery Scott LLC now owns 44,170 shares of the company’s stock worth $470,000 after buying an additional 10,036 shares during the last quarter. Capstone Investment Advisors LLC boosted its position in Hillman Solutions by 23.0% during the first quarter. Capstone Investment Advisors LLC now owns 21,398 shares of the company’s stock worth $228,000 after purchasing an additional 4,004 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Hillman Solutions during the first quarter valued at approximately $143,000. SG Americas Securities LLC bought a new position in shares of Hillman Solutions in the first quarter valued at approximately $153,000. Finally, Anchor Capital Advisors LLC boosted its holdings in shares of Hillman Solutions by 2.1% during the 1st quarter. Anchor Capital Advisors LLC now owns 148,144 shares of the company’s stock worth $1,576,000 after buying an additional 3,037 shares during the period. Institutional investors and hedge funds 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.