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

Hillman Solutions Corp (NASDAQ:HLMN) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.60.

A number of brokerages have recently weighed in on HLMN. Robert W. Baird cut their target price on Hillman Solutions from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Benchmark reissued a “buy” rating and issued a $16.00 price objective on shares of Hillman Solutions in a research report on Wednesday, February 19th. Barclays decreased their target price on Hillman Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Finally, William Blair cut Hillman Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd.

Insiders Place Their Bets

In other news, Director Philip Woodlief sold 19,779 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $11.18, for a total transaction of $221,129.22. Following the completion of the transaction, the director now owns 55,811 shares in the company, valued at approximately $623,966.98. This represents a 26.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Hillman Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLMN. Creative Planning increased its stake in shares of Hillman Solutions by 88.4% in the third quarter. Creative Planning now owns 27,610 shares of the company’s stock worth $292,000 after purchasing an additional 12,957 shares in the last quarter. US Bancorp DE grew its stake in Hillman Solutions by 508.2% in the 3rd quarter. US Bancorp DE now owns 18,660 shares of the company’s stock valued at $197,000 after buying an additional 15,592 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Hillman Solutions by 23.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 72,533 shares of the company’s stock valued at $766,000 after acquiring an additional 13,585 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Hillman Solutions by 131.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,611,051 shares of the company’s stock valued at $17,013,000 after acquiring an additional 914,151 shares during the period. Finally, Atria Investments Inc lifted its position in shares of Hillman Solutions by 24.5% during the third quarter. Atria Investments Inc now owns 75,656 shares of the company’s stock worth $799,000 after acquiring an additional 14,904 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Hillman Solutions Price Performance

Shares of NASDAQ:HLMN opened at $10.04 on Thursday. The company has a current ratio of 2.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.97 billion, a PE ratio of 125.52 and a beta of 1.68. The stock’s fifty day simple moving average is $9.97 and its two-hundred day simple moving average is $10.28. Hillman Solutions has a 1-year low of $8.43 and a 1-year high of $12.08.

Hillman Solutions (NASDAQ:HLMN) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. The firm had revenue of $349.56 million for the quarter, compared to the consensus estimate of $350.45 million. During the same period in the previous year, the business earned $0.10 earnings per share. As a group, analysts forecast that Hillman Solutions will post 0.58 EPS 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.